diff --git a/charts/cluster-autoscaler/Chart.yaml b/charts/cluster-autoscaler/Chart.yaml
index 191111512b62..efc1775cf1e0 100644
--- a/charts/cluster-autoscaler/Chart.yaml
+++ b/charts/cluster-autoscaler/Chart.yaml
@@ -11,4 +11,4 @@ name: cluster-autoscaler
 sources:
   - https://github.com/kubernetes/autoscaler/tree/master/cluster-autoscaler
 type: application
-version: 9.26.0
+version: 9.27.0
diff --git a/charts/cluster-autoscaler/README.md b/charts/cluster-autoscaler/README.md
index 327d90f37116..83a56c4c397a 100644
--- a/charts/cluster-autoscaler/README.md
+++ b/charts/cluster-autoscaler/README.md
@@ -318,6 +318,21 @@ Containers:
 
 Though enough for the majority of installations, the default PodSecurityPolicy _could_ be too restrictive depending on the specifics of your release. Please make sure to check that the template fits with any customizations made or disable it by setting `rbac.pspEnabled` to `false`.
 
+### VerticalPodAutoscaler
+
+The chart can install a [`VerticalPodAutoscaler`](https://github.com/kubernetes/autoscaler/blob/master/vertical-pod-autoscaler/README.md) for the Deployment if needed. A VPA can help minimize wasted resources when usage spikes periodically or remediate containers that are being OOMKilled.
+
+The following example snippet can be used to install VPA that allows scaling down from the default recommendations of the deployment template:
+
+```yaml
+vpa:
+  enabled: true
+  containerPolicy:
+    minAllowed:
+      cpu: 20m
+      memory: 50Mi
+```
+
 ## Values
 
 | Key | Type | Default | Description |
@@ -413,3 +428,7 @@ Though enough for the majority of installations, the default PodSecurityPolicy _
 | tolerations | list | `[]` | List of node taints to tolerate (requires Kubernetes >= 1.6). |
 | topologySpreadConstraints | list | `[]` | You can use topology spread constraints to control how Pods are spread across your cluster among failure-domains such as regions, zones, nodes, and other user-defined topology domains. (requires Kubernetes >= 1.19). |
 | updateStrategy | object | `{}` | [Deployment update strategy](https://kubernetes.io/docs/concepts/workloads/controllers/deployment/#strategy) |
+| vpa | object | `{"containerPolicy":{},"enabled":false,"updateMode":"Auto"}` | Configure a VerticalPodAutoscaler for the cluster-autoscaler Deployment. |
+| vpa.containerPolicy | object | `{}` | [ContainerResourcePolicy](https://github.com/kubernetes/autoscaler/blob/vertical-pod-autoscaler/v0.13.0/vertical-pod-autoscaler/pkg/apis/autoscaling.k8s.io/v1/types.go#L159). The containerName is always et to the deployment's container name. This value is required if VPA is enabled. |
+| vpa.enabled | bool | `false` | If true, creates a VerticalPodAutoscaler. |
+| vpa.updateMode | string | `"Auto"` | [UpdateMode](https://github.com/kubernetes/autoscaler/blob/vertical-pod-autoscaler/v0.13.0/vertical-pod-autoscaler/pkg/apis/autoscaling.k8s.io/v1/types.go#L124) |
diff --git a/charts/cluster-autoscaler/README.md.gotmpl b/charts/cluster-autoscaler/README.md.gotmpl
index 72d2869dad25..b3a042b0de82 100644
--- a/charts/cluster-autoscaler/README.md.gotmpl
+++ b/charts/cluster-autoscaler/README.md.gotmpl
@@ -318,4 +318,19 @@ Containers:
 
 Though enough for the majority of installations, the default PodSecurityPolicy _could_ be too restrictive depending on the specifics of your release. Please make sure to check that the template fits with any customizations made or disable it by setting `rbac.pspEnabled` to `false`.
 
+### VerticalPodAutoscaler
+
+The chart can install a [`VerticalPodAutoscaler`](https://github.com/kubernetes/autoscaler/blob/master/vertical-pod-autoscaler/README.md) for the Deployment if needed. A VPA can help minimize wasted resources when usage spikes periodically or remediate containers that are being OOMKilled.
+
+The following example snippet can be used to install VPA that allows scaling down from the default recommendations of the deployment template:
+
+```yaml
+vpa:
+  enabled: true
+  containerPolicy:
+    minAllowed:
+      cpu: 20m
+      memory: 50Mi
+```
+
 {{ template "chart.valuesSection" . }}
diff --git a/charts/cluster-autoscaler/templates/vpa.yaml b/charts/cluster-autoscaler/templates/vpa.yaml
new file mode 100644
index 000000000000..b889beac9c9a
--- /dev/null
+++ b/charts/cluster-autoscaler/templates/vpa.yaml
@@ -0,0 +1,20 @@
+{{- if .Values.vpa.enabled -}}
+apiVersion: autoscaling.k8s.io/v1
+kind: VerticalPodAutoscaler
+metadata:
+  labels:
+{{ include "cluster-autoscaler.labels" . | indent 4 }}
+  name: {{ template "cluster-autoscaler.fullname" . }}
+  namespace: {{ .Release.Namespace }}
+spec:
+  targetRef:
+    apiVersion: {{ template "deployment.apiVersion" . }}
+    kind: Deployment
+    name: {{ template "cluster-autoscaler.fullname" . }}
+  updatePolicy:
+    updateMode: {{ .Values.vpa.updateMode | quote }}
+  resourcePolicy:
+    containerPolicies:
+    - containerName: {{ template "cluster-autoscaler.name" . }}
+      {{- .Values.vpa.containerPolicy | toYaml | nindent 6 }}
+{{- end -}}
diff --git a/charts/cluster-autoscaler/values.yaml b/charts/cluster-autoscaler/values.yaml
index f446024c3b1b..b3ed36415b48 100644
--- a/charts/cluster-autoscaler/values.yaml
+++ b/charts/cluster-autoscaler/values.yaml
@@ -387,3 +387,12 @@ updateStrategy: {}
   #   maxSurge: 1
   #   maxUnavailable: 0
   # type: RollingUpdate
+
+# vpa -- Configure a VerticalPodAutoscaler for the cluster-autoscaler Deployment.
+vpa:
+  # vpa.enabled -- If true, creates a VerticalPodAutoscaler.
+  enabled: false
+  # vpa.updateMode -- [UpdateMode](https://github.com/kubernetes/autoscaler/blob/vertical-pod-autoscaler/v0.13.0/vertical-pod-autoscaler/pkg/apis/autoscaling.k8s.io/v1/types.go#L124)
+  updateMode: "Auto"
+  # vpa.containerPolicy -- [ContainerResourcePolicy](https://github.com/kubernetes/autoscaler/blob/vertical-pod-autoscaler/v0.13.0/vertical-pod-autoscaler/pkg/apis/autoscaling.k8s.io/v1/types.go#L159). The containerName is always et to the deployment's container name. This value is required if VPA is enabled.
+  containerPolicy: {}