diff --git a/keda/Chart.yaml b/keda/Chart.yaml
index d1a21dbf..edc2bb43 100644
--- a/keda/Chart.yaml
+++ b/keda/Chart.yaml
@@ -4,7 +4,7 @@ description: Event-based autoscaler for workloads on Kubernetes
 
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
-version: 2.3.0
+version: 2.3.1
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
diff --git a/keda/README.md b/keda/README.md
index b266acbc..53eef684 100644
--- a/keda/README.md
+++ b/keda/README.md
@@ -112,10 +112,14 @@ their default values.
 | `prometheus.operator.podMonitor.scrapeTimeout`             | Scraping timeout for keda operator using podMonitor crd (prometheus operator) | ``
 | `prometheus.operator.podMonitor.namespace`                 | Scraping namespace for keda operator using podMonitor crd (prometheus operator) | ``
 | `prometheus.operator.podMonitor.additionalLabels`          | Additional labels to add for keda operator using podMonitor crd (prometheus operator) | `{}`
-| `volumes.keda.extraVolumes`                                | Extra volumes for keda deployment                                 | `[]`
-| `volumes.keda.extraVolumeMounts`                           | Extra volume mounts for keda deployment                                 | `[]`
-| `volumes.metricsApiServer.extraVolumes`                    | Extra volumes for metric server deployment                                 | `[]`
-| `volumes.metricsApiServer.extraVolumeMounts`               | Extra volume mounts for metric server deployment                                 | `[]`
+| `prometheus.operator.prometheusRules.enabled`              | Enable monitoring for keda operator using prometheusRules crd (prometheus operator) | `false`
+| `prometheus.operator.prometheusRules.namespace`            | Scraping namespace for keda operator using prometheusRules crd (prometheus operator) | ``
+| `prometheus.operator.prometheusRules.additionalLabels`     | Additional labels to add for keda operator using prometheusRules crd (prometheus operator) | `{}`
+| `prometheus.operator.prometheusRules.alerts`               | Additional alerts to add for keda operator using prometheusRules crd (prometheus operator) | `[]`
+| `volumes.keda.extraVolumes`                                | Extra volumes for keda deployment | `[]`
+| `volumes.keda.extraVolumeMounts`                           | Extra volume mounts for keda deployment | `[]`
+| `volumes.metricsApiServer.extraVolumes`                    | Extra volumes for metric server deployment | `[]`
+| `volumes.metricsApiServer.extraVolumeMounts`               | Extra volume mounts for metric server deployment | `[]`
 
 Specify each parameter using the `--set key=value[,key=value]` argument to
 `helm install`. For example:
diff --git a/keda/templates/15-keda-prometheusrules.yaml b/keda/templates/15-keda-prometheusrules.yaml
new file mode 100644
index 00000000..1ba3bdfc
--- /dev/null
+++ b/keda/templates/15-keda-prometheusrules.yaml
@@ -0,0 +1,23 @@
+{{- if and .Values.prometheus.operator.enabled .Values.prometheus.operator.prometheusRules.enabled }}
+apiVersion: monitoring.coreos.com/v1
+kind: prometheusRule
+metadata:
+  name: {{ .Values.operator.name }}
+  labels:
+    app.kubernetes.io/name: {{ .Values.operator.name }}
+    app.kubernetes.io/version: {{ .Chart.AppVersion }}
+    app.kubernetes.io/part-of: {{ .Values.operator.name }}
+    app.kubernetes.io/managed-by: {{ .Release.Service }}
+    app.kubernetes.io/instance: {{ .Release.Name }}
+    {{- range $key, $value := .Values.prometheus.operator.prometheusRules.additionalLabels }}
+    {{ $key }}: {{ $value | quote }}
+    {{- end }}
+  {{- with .Values.prometheus.operator.prometheusRules.namespace }}
+  namespace: {{ . }}
+  {{- end }}
+spec:
+  groups:
+  - name: {{ .Values.operator.name }}
+    rules:
+{{ toYaml .Values.prometheus.operator.prometheusRules.alerts | indent 6 }}
+{{- end }}
diff --git a/keda/values.yaml b/keda/values.yaml
index df0d88a9..3c52c13e 100644
--- a/keda/values.yaml
+++ b/keda/values.yaml
@@ -177,3 +177,18 @@ prometheus:
       scrapeTimeout:
       namespace:
       additionalLabels: {}
+    prometheusRules:
+      # Enables PrometheusRules creation for the Prometheus Operator
+      enabled: false
+      namespace:
+      additionalLabels: {}
+      alerts: []
+        # - alert: KedaScalerErrors
+        #   annotations:
+        #     description: Keda scaledObject {{ $labels.scaledObject }} is experiencing erros with {{ $labels.scaler }} scaler
+        #     summary: Keda Scaler {{ $labels.scaler }} Errors
+        #   expr: sum by ( scaledObject , scaler) (rate(keda_metrics_adapter_scaler_errors[2m]))  > 0
+        #   for: 2m
+        #   labels:
+
+