diff --git a/common/changes/@microsoft/rush/chao-fix-getPackageJsonInjectedDependenciesHash_2024-06-25-17-48.json b/common/changes/@microsoft/rush/chao-fix-getPackageJsonInjectedDependenciesHash_2024-06-25-17-48.json
new file mode 100644
index 00000000000..b11c4a8074e
--- /dev/null
+++ b/common/changes/@microsoft/rush/chao-fix-getPackageJsonInjectedDependenciesHash_2024-06-25-17-48.json
@@ -0,0 +1,10 @@
+{
+  "changes": [
+    {
+      "packageName": "@microsoft/rush",
+      "comment": "Don't include package.json version field when calculating packageJsonInjectedDependenciesHash",
+      "type": "none"
+    }
+  ],
+  "packageName": "@microsoft/rush"
+}
\ No newline at end of file
diff --git a/libraries/rush-lib/src/api/Subspace.ts b/libraries/rush-lib/src/api/Subspace.ts
index 8b03de80537..122902a0c44 100644
--- a/libraries/rush-lib/src/api/Subspace.ts
+++ b/libraries/rush-lib/src/api/Subspace.ts
@@ -33,6 +33,8 @@ interface ISubspaceDetail {
   tempShrinkwrapPreinstallFilename: string;
 }
 
+interface IPackageJsonLite extends Omit<IPackageJson, 'version'> {}
+
 /**
  * This represents the subspace configurations for a repository, based on the "subspaces.json"
  * configuration file.
@@ -331,7 +333,7 @@ export class Subspace {
    * @beta
    */
   public getPackageJsonInjectedDependenciesHash(): string | undefined {
-    const allPackageJson: IPackageJson[] = [];
+    const allPackageJson: IPackageJsonLite[] = [];
 
     const relatedProjects: RushConfigurationProject[] = [];
     const subspacePnpmfileShimSettings: ISubspacePnpmfileShimSettings =
@@ -364,7 +366,6 @@ export class Subspace {
       // collect fields that could update the `pnpm-lock.yaml`
       const {
         name,
-        version,
         bin,
         dependencies,
         devDependencies,
@@ -377,7 +378,6 @@ export class Subspace {
 
       allPackageJson.push({
         name,
-        version,
         bin,
         dependencies,
         devDependencies,