diff --git a/cpp/thirdparty/versions.txt b/cpp/thirdparty/versions.txt
index 5d8ccb86106..5050e370e11 100644
--- a/cpp/thirdparty/versions.txt
+++ b/cpp/thirdparty/versions.txt
@@ -82,8 +82,8 @@ ARROW_JEMALLOC_BUILD_VERSION=5.3.0
 ARROW_JEMALLOC_BUILD_SHA256_CHECKSUM=2db82d1e7119df3e71b7640219b6dfe84789bc0537983c3b7ac4f7189aecfeaa
 ARROW_LZ4_BUILD_VERSION=v1.10.0
 ARROW_LZ4_BUILD_SHA256_CHECKSUM=537512904744b35e232912055ccf8ec66d768639ff3abe5788d90d792ec5f48b
-ARROW_MIMALLOC_BUILD_VERSION=v2.0.6
-ARROW_MIMALLOC_BUILD_SHA256_CHECKSUM=9f05c94cc2b017ed13698834ac2a3567b6339a8bde27640df5a1581d49d05ce5
+ARROW_MIMALLOC_BUILD_VERSION=v2.1.7
+ARROW_MIMALLOC_BUILD_SHA256_CHECKSUM=0eed39319f139afde8515010ff59baf24de9e47ea316a315398e8027d198202d
 ARROW_NLOHMANN_JSON_BUILD_VERSION=v3.10.5
 ARROW_NLOHMANN_JSON_BUILD_SHA256_CHECKSUM=5daca6ca216495edf89d167f808d1d03c4a4d929cef7da5e10f135ae1540c7e4
 ARROW_OPENTELEMETRY_BUILD_VERSION=v1.13.0