diff --git a/src/cargo/ops/cargo_add/mod.rs b/src/cargo/ops/cargo_add/mod.rs
index 5c519ac09f0c..cd94b7b7fb42 100644
--- a/src/cargo/ops/cargo_add/mod.rs
+++ b/src/cargo/ops/cargo_add/mod.rs
@@ -368,7 +368,7 @@ fn resolve_dependency(
             }
             dependency = dependency.set_source(src);
         } else {
-            let latest = get_latest_dependency(&dependency, false, config, registry)?;
+            let latest = get_latest_dependency(manifest, &dependency, false, config, registry)?;
 
             if dependency.name != latest.name {
                 config.shell().warn(format!(
@@ -518,6 +518,7 @@ fn get_existing_dependency(
 }
 
 fn get_latest_dependency(
+    manifest: &LocalManifest,
     dependency: &Dependency,
     _flag_allow_prerelease: bool,
     config: &Config,
@@ -537,19 +538,67 @@ fn get_latest_dependency(
                     std::task::Poll::Pending => registry.block_until_ready()?,
                 }
             };
-            let latest = possibilities
-                .iter()
-                .max_by_key(|s| {
-                    // Fallback to a pre-release if no official release is available by sorting them as
-                    // less.
+
+            fn find_latest<'a>(
+                possibilities: impl Iterator<Item = &'a Summary>,
+            ) -> Option<&'a Summary> {
+                possibilities.max_by_key(|s| {
+                    // Fallback to a pre-release if no official release is available by sorting them
+                    // as less.
                     let stable = s.version().pre.is_empty();
                     (stable, s.version())
                 })
-                .ok_or_else(|| {
-                    anyhow::format_err!(
-                        "the crate `{dependency}` could not be found in registry index."
-                    )
-                })?;
+            }
+
+            let mut latest = find_latest(possibilities.iter()).ok_or_else(|| {
+                anyhow::format_err!(
+                    "the crate `{dependency}` could not be found in registry index."
+                )
+            })?;
+
+            if config.cli_unstable().msrv_policy {
+                if let Some(rust_version) = manifest
+                    .data
+                    .as_table()
+                    .get("package")
+                    .and_then(|p| p.get("rust-version"))
+                    .and_then(|v| v.as_str())
+                    .and_then(|v| semver::VersionReq::parse(v).ok())
+                {
+                    // Find the latest version of the dep which has a compatible MSRV. Candidates
+                    // without a rust-version field are treated as compatible.
+                    let latest_msrv = find_latest(possibilities.iter().filter(|s| {
+                        s.rust_version()
+                            .map(|v| v.as_str())
+                            .map(|v| semver::VersionReq::parse(v).unwrap())
+                            .map(|v| {
+                                // Rust versions need at least a major and a minor value, and cannot
+                                // contain semver operators or pre-release identifiers, so the
+                                // comparison is simple.
+                                let req = &rust_version.comparators[0];
+                                let dep = &v.comparators[0];
+                                (req.major, req.minor.unwrap(), req.patch.unwrap_or(0))
+                                    >= (dep.major, dep.minor.unwrap(), dep.patch.unwrap_or(0))
+                            })
+                            .unwrap_or(true)
+                    }))
+                    .ok_or_else(|| {
+                        anyhow::format_err!(
+                            "could not find version of crate `{dependency}` that satisfies the \
+                             minimum supported rust version"
+                        )
+                    })?;
+
+                    if latest_msrv.version() < latest.version() {
+                        config.shell().warn(format!(
+                            "selecting older version of `{dependency}` to satisfy the minimum \
+                             supported rust version"
+                        ))?;
+                        latest = latest_msrv;
+                    }
+                }
+            }
+
             let mut dep = Dependency::from(latest);
             if let Some(reg_name) = dependency.registry.as_deref() {
                 dep = dep.set_registry(reg_name);