diff --git a/src/v/config/configuration.cc b/src/v/config/configuration.cc
index 297e6abac797d..eefe9bcda6791 100644
--- a/src/v/config/configuration.cc
+++ b/src/v/config/configuration.cc
@@ -756,6 +756,16 @@ configuration::configuration()
        .visibility = visibility::tunable},
       1024,
       {.min = 128})
+  , storage_compaction_index_memory(
+      *this,
+      "storage_compaction_index_memory",
+      "Maximum number of bytes that may be used on each shard by compaction"
+      "index writers",
+      {.needs_restart = needs_restart::no,
+       .example = "1073741824",
+       .visibility = visibility::tunable},
+      128_MiB,
+      {.min = 16_MiB, .max = 100_GiB})
   , max_compacted_log_segment_size(
       *this,
       "max_compacted_log_segment_size",
diff --git a/src/v/config/configuration.h b/src/v/config/configuration.h
index c5bc0548aa001..b89cab338e6a0 100644
--- a/src/v/config/configuration.h
+++ b/src/v/config/configuration.h
@@ -167,6 +167,7 @@ struct configuration final : public config_store {
     property<size_t> segment_fallocation_step;
     bounded_property<uint64_t> storage_target_replay_bytes;
     bounded_property<uint64_t> storage_max_concurrent_replay;
+    bounded_property<uint64_t> storage_compaction_index_memory;
     property<size_t> max_compacted_log_segment_size;
     property<int16_t> id_allocator_log_capacity;
     property<int16_t> id_allocator_batch_size;