diff --git a/.coveragerc b/.coveragerc
index fed57af6ad7..5d0db972ca9 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -844,6 +844,7 @@ omit =
     homeassistant/components/nextcloud/coordinator.py
     homeassistant/components/nextcloud/entity.py
     homeassistant/components/nextcloud/sensor.py
+    homeassistant/components/nextcloud/update.py
     homeassistant/components/nfandroidtv/__init__.py
     homeassistant/components/nfandroidtv/notify.py
     homeassistant/components/nibe_heatpump/__init__.py
diff --git a/homeassistant/components/nextcloud/__init__.py b/homeassistant/components/nextcloud/__init__.py
index 9cfe4aa7f70..11d2a85d851 100644
--- a/homeassistant/components/nextcloud/__init__.py
+++ b/homeassistant/components/nextcloud/__init__.py
@@ -24,7 +24,7 @@ from homeassistant.helpers import config_validation as cv, entity_registry as er
 from .const import DOMAIN
 from .coordinator import NextcloudDataUpdateCoordinator
 
-PLATFORMS = (Platform.SENSOR, Platform.BINARY_SENSOR)
+PLATFORMS = (Platform.SENSOR, Platform.BINARY_SENSOR, Platform.UPDATE)
 
 CONFIG_SCHEMA = cv.removed(DOMAIN, raise_if_present=False)
 
@@ -52,7 +52,8 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
             entry.data[CONF_URL],
             entry.data[CONF_USERNAME],
             entry.data[CONF_PASSWORD],
-            entry.data[CONF_VERIFY_SSL],
+            verify_ssl=entry.data[CONF_VERIFY_SSL],
+            skip_update=False,
         )
 
     try:
diff --git a/homeassistant/components/nextcloud/manifest.json b/homeassistant/components/nextcloud/manifest.json
index fe4366c334d..64fda8c18ba 100644
--- a/homeassistant/components/nextcloud/manifest.json
+++ b/homeassistant/components/nextcloud/manifest.json
@@ -5,5 +5,5 @@
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/nextcloud",
   "iot_class": "cloud_polling",
-  "requirements": ["nextcloudmonitor==1.4.0"]
+  "requirements": ["nextcloudmonitor==1.5.0"]
 }
diff --git a/homeassistant/components/nextcloud/update.py b/homeassistant/components/nextcloud/update.py
new file mode 100644
index 00000000000..5d52ac2a48f
--- /dev/null
+++ b/homeassistant/components/nextcloud/update.py
@@ -0,0 +1,51 @@
+"""Update data from Nextcoud."""
+from __future__ import annotations
+
+from homeassistant.components.update import UpdateEntity, UpdateEntityDescription
+from homeassistant.config_entries import ConfigEntry
+from homeassistant.core import HomeAssistant
+from homeassistant.helpers.entity_platform import AddEntitiesCallback
+
+from .const import DOMAIN
+from .coordinator import NextcloudDataUpdateCoordinator
+from .entity import NextcloudEntity
+
+
+async def async_setup_entry(
+    hass: HomeAssistant, entry: ConfigEntry, async_add_entities: AddEntitiesCallback
+) -> None:
+    """Set up the Nextcloud update entity."""
+    coordinator: NextcloudDataUpdateCoordinator = hass.data[DOMAIN][entry.entry_id]
+    if coordinator.data.get("update_available") is None:
+        return
+    async_add_entities(
+        [
+            NextcloudUpdateSensor(
+                coordinator, entry, UpdateEntityDescription(key="update")
+            )
+        ]
+    )
+
+
+class NextcloudUpdateSensor(NextcloudEntity, UpdateEntity):
+    """Represents a Nextcloud update entity."""
+
+    @property
+    def installed_version(self) -> str | None:
+        """Version installed and in use."""
+        return self.coordinator.data.get("system_version")
+
+    @property
+    def latest_version(self) -> str | None:
+        """Latest version available for install."""
+        return self.coordinator.data.get(
+            "update_available_version", self.installed_version
+        )
+
+    @property
+    def release_url(self) -> str | None:
+        """URL to the full release notes of the latest version available."""
+        if self.latest_version:
+            ver = "-".join(self.latest_version.split(".")[:3])
+            return f"https://nextcloud.com/changelog/#{ver}"
+        return None
diff --git a/requirements_all.txt b/requirements_all.txt
index 66a6aeb5305..8e7ac7a1203 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1352,7 +1352,7 @@ neurio==0.3.1
 nexia==2.0.8
 
 # homeassistant.components.nextcloud
-nextcloudmonitor==1.4.0
+nextcloudmonitor==1.5.0
 
 # homeassistant.components.discord
 nextcord==2.0.0a8
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 218dacf9195..559931fb0a8 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1076,7 +1076,7 @@ nettigo-air-monitor==2.2.2
 nexia==2.0.8
 
 # homeassistant.components.nextcloud
-nextcloudmonitor==1.4.0
+nextcloudmonitor==1.5.0
 
 # homeassistant.components.discord
 nextcord==2.0.0a8