diff --git a/apps/api/plane/settings/local.py b/apps/api/plane/settings/local.py
index a346eca141b..ef6a59ae8f8 100644
--- a/apps/api/plane/settings/local.py
+++ b/apps/api/plane/settings/local.py
@@ -16,6 +16,11 @@
 
 DEBUG_TOOLBAR_PATCH_SETTINGS = False
 
+# Prometheus metrics settings
+INSTALLED_APPS += ("django_prometheus",)
+MIDDLEWARE.insert(0, "django_prometheus.middleware.PrometheusBeforeMiddleware")
+MIDDLEWARE.append("django_prometheus.middleware.PrometheusAfterMiddleware")
+
 # Only show emails in console don't send it to smtp
 EMAIL_BACKEND = os.environ.get("EMAIL_BACKEND", "django.core.mail.backends.console.EmailBackend")
 
diff --git a/apps/api/plane/urls.py b/apps/api/plane/urls.py
index f5e43408cb8..9b8c7180971 100644
--- a/apps/api/plane/urls.py
+++ b/apps/api/plane/urls.py
@@ -20,6 +20,7 @@
     path("api/instances/", include("plane.license.urls")),
     path("api/v1/", include("plane.api.urls")),
     path("auth/", include("plane.authentication.urls")),
+    path("", include("django_prometheus.urls")),
     path("", include("plane.web.urls")),
 ]
 
diff --git a/apps/api/requirements/base.txt b/apps/api/requirements/base.txt
index 89b15694f39..7aa8b4b3947 100644
--- a/apps/api/requirements/base.txt
+++ b/apps/api/requirements/base.txt
@@ -75,3 +75,6 @@ opentelemetry-exporter-otlp-proto-grpc==1.28.1
 drf-spectacular==0.28.0
 # html sanitizer
 nh3==0.2.18
+
+# prometheus metrics
+django-prometheus==2.3.1
diff --git a/deployments/grafana/dashboards/plane-dashboard.json b/deployments/grafana/dashboards/plane-dashboard.json
new file mode 100644
index 00000000000..631e03c84e8
--- /dev/null
+++ b/deployments/grafana/dashboards/plane-dashboard.json
@@ -0,0 +1,118 @@
+{
+  "annotations": {
+    "list": [
+      {
+        "builtIn": 1,
+        "datasource": {
+          "type": "datasource",
+          "uid": "grafana"
+        },
+        "enable": true,
+        "hide": true,
+        "name": "Annotations & Alerts",
+        "type": "dashboard"
+      }
+    ]
+  },
+  "editable": true,
+  "fiscalYearStartMonth": 0,
+  "graphTooltip": 0,
+  "id": 1,
+  "links": [],
+  "liveNow": false,
+  "panels": [
+    {
+      "collapsed": false,
+      "gridPos": {
+        "h": 8,
+        "w": 12,
+        "x": 0,
+        "y": 0
+      },
+      "id": 1,
+      "title": "API Request Rate (per Second)",
+      "type": "timeseries",
+      "datasource": {
+        "type": "prometheus",
+        "uid": "Prometheus"
+      },
+      "targets": [
+        {
+          "datasource": {
+            "type": "prometheus",
+            "uid": "Prometheus"
+          },
+          "editorMode": "code",
+          "expr": "sum(rate(django_http_requests_total_by_view_transport_method_total[5m])) by (view)",
+          "legendFormat": "{{view}}",
+          "range": true,
+          "refId": "A"
+        }
+      ],
+      "fieldConfig": {
+        "defaults": {
+          "custom": {
+            "drawStyle": "line",
+            "lineInterpolation": "smooth"
+          },
+          "unit": "reqps"
+        }
+      }
+    },
+    {
+      "collapsed": false,
+      "gridPos": {
+        "h": 8,
+        "w": 12,
+        "x": 12,
+        "y": 0
+      },
+      "id": 2,
+      "title": "Average API Latency (seconds)",
+      "type": "timeseries",
+      "datasource": {
+        "type": "prometheus",
+        "uid": "Prometheus"
+      },
+      "targets": [
+        {
+          "datasource": {
+            "type": "prometheus",
+            "uid": "Prometheus"
+          },
+          "editorMode": "code",
+          "expr": "sum(rate(django_http_requests_latency_seconds_by_view_method_sum[5m])) by (view) / sum(rate(django_http_requests_latency_seconds_by_view_method_count[5m])) by (view)",
+          "legendFormat": "{{view}}",
+          "range": true,
+          "refId": "A"
+        }
+      ],
+      "fieldConfig": {
+        "defaults": {
+          "custom": {
+            "drawStyle": "line",
+            "lineInterpolation": "smooth"
+          },
+          "unit": "s"
+        }
+      }
+    }
+  ],
+  "refresh": "5s",
+  "schemaVersion": 38,
+  "style": "dark",
+  "tags": [],
+  "templating": {
+    "list": []
+  },
+  "time": {
+    "from": "now-15m",
+    "to": "now"
+  },
+  "timepicker": {},
+  "timezone": "",
+  "title": "Plane API Analytics",
+  "uid": "plane-api-analytics",
+  "version": 1,
+  "weekStart": ""
+}
diff --git a/deployments/grafana/provisioning/dashboards/dashboard.yml b/deployments/grafana/provisioning/dashboards/dashboard.yml
new file mode 100644
index 00000000000..688f9f3800a
--- /dev/null
+++ b/deployments/grafana/provisioning/dashboards/dashboard.yml
@@ -0,0 +1,11 @@
+apiVersion: 1
+
+providers:
+  - name: 'Plane Dashboards'
+    orgId: 1
+    folder: ''
+    type: file
+    disableDeletion: false
+    editable: true
+    options:
+      path: /var/lib/grafana/dashboards
diff --git a/deployments/grafana/provisioning/datasources/datasource.yml b/deployments/grafana/provisioning/datasources/datasource.yml
new file mode 100644
index 00000000000..86fd3465e14
--- /dev/null
+++ b/deployments/grafana/provisioning/datasources/datasource.yml
@@ -0,0 +1,8 @@
+apiVersion: 1
+
+datasources:
+  - name: Prometheus
+    type: prometheus
+    access: proxy
+    url: http://prometheus:9090
+    isDefault: true
diff --git a/deployments/prometheus/prometheus.yml b/deployments/prometheus/prometheus.yml
new file mode 100644
index 00000000000..b2643829b7f
--- /dev/null
+++ b/deployments/prometheus/prometheus.yml
@@ -0,0 +1,9 @@
+global:
+  scrape_interval: 5s
+  evaluation_interval: 5s
+
+scrape_configs:
+  - job_name: "plane-api"
+    metrics_path: "/metrics"
+    static_configs:
+      - targets: ["api:8000"]
diff --git a/docker-compose-local.yml b/docker-compose-local.yml
index 6bc5ee309f7..aae1db780d2 100644
--- a/docker-compose-local.yml
+++ b/docker-compose-local.yml
@@ -140,11 +140,44 @@ services:
       - plane-db
       - plane-redis
 
+  prometheus:
+    image: prom/prometheus:latest
+    restart: unless-stopped
+    volumes:
+      - ./deployments/prometheus/prometheus.yml:/etc/prometheus/prometheus.yml
+      - prometheus_data:/prometheus
+    command:
+      - '--config.file=/etc/prometheus/prometheus.yml'
+      - '--storage.tsdb.path=/prometheus'
+    ports:
+      - "9091:9090"
+    networks:
+      - dev_env
+
+  grafana:
+    image: grafana/grafana:latest
+    restart: unless-stopped
+    ports:
+      - "3002:3000"
+    volumes:
+      - ./deployments/grafana/provisioning:/etc/grafana/provisioning
+      - ./deployments/grafana/dashboards:/var/lib/grafana/dashboards
+      - grafana_data:/var/lib/grafana
+    environment:
+      - GF_SECURITY_ADMIN_PASSWORD=admin
+      - GF_USERS_ALLOW_SIGN_UP=false
+    networks:
+      - dev_env
+    depends_on:
+      - prometheus
+
 volumes:
   redisdata:
   uploads:
   pgdata:
   rabbitmq_data:
+  prometheus_data:
+  grafana_data:
 
 networks:
   dev_env: