diff --git a/changelogs/fragments/fix_issue_1300.yml b/changelogs/fragments/fix_issue_1300.yml
new file mode 100644
index 00000000..79ceded9
--- /dev/null
+++ b/changelogs/fragments/fix_issue_1300.yml
@@ -0,0 +1,2 @@
+minor_changes:
+      - Allows templating of api_endpoint in nb_inventory plugin
diff --git a/plugins/inventory/nb_inventory.py b/plugins/inventory/nb_inventory.py
index 03444b6b..5d990628 100644
--- a/plugins/inventory/nb_inventory.py
+++ b/plugins/inventory/nb_inventory.py
@@ -1594,7 +1594,9 @@ def fetch_api_docs(self):
         except Exception:
             cached_api_version = None
             cache = None
-
+        self.api_endpoint = self.templar.template(
+            self.get_option("api_endpoint"), fail_on_undefined=False
+        )
         status = self._fetch_information(self.api_endpoint + "/api/status")
         netbox_api_version = ".".join(status["netbox-version"].split(".")[:2])
 
diff --git a/tests/unit/inventory/test_nb_inventory.py b/tests/unit/inventory/test_nb_inventory.py
index 93a59217..5114cf30 100644
--- a/tests/unit/inventory/test_nb_inventory.py
+++ b/tests/unit/inventory/test_nb_inventory.py
@@ -222,7 +222,7 @@ def test_get_resource_list_chunked(
     "/fake/path/asdasd3456",
 )
 @pytest.mark.parametrize("netbox_ver", ["2.0.2", "3.0.0"])
-def test_fetch_api_docs(inventory_fixture, netbox_ver):
+def test_fetch_api_docs(inventory_fixture, netbox_ver, templar_fixture):
     mock_fetch_information = Mock()
     mock_fetch_information.side_effect = [
         {"netbox-version": netbox_ver},