diff --git a/rest_framework/utils/field_mapping.py b/rest_framework/utils/field_mapping.py
index d35caca0c7..fd456a08c9 100644
--- a/rest_framework/utils/field_mapping.py
+++ b/rest_framework/utils/field_mapping.py
@@ -204,11 +204,17 @@ def get_field_kwargs(field_name, model_field):
                 if validator is not validators.validate_slug
             ]
 
-        # IPAddressField do not need to include the 'validate_ipv46_address' argument,
+        # IPAddressField does not need to include the IP address validators,
+        # as it adds its own based on the 'protocol' argument.
         if isinstance(model_field, models.GenericIPAddressField):
+            kwargs['protocol'] = model_field.protocol
             validator_kwarg = [
                 validator for validator in validator_kwarg
-                if validator is not validators.validate_ipv46_address
+                if validator not in (
+                    validators.validate_ipv46_address,
+                    validators.validate_ipv4_address,
+                    validators.validate_ipv6_address,
+                )
             ]
         # Our decimal validation is handled in the field code, not validator code.
         if isinstance(model_field, models.DecimalField):
diff --git a/tests/test_model_serializer.py b/tests/test_model_serializer.py
index 0e291a2de8..914b932d73 100644
--- a/tests/test_model_serializer.py
+++ b/tests/test_model_serializer.py
@@ -16,7 +16,8 @@
 from django.core.exceptions import ImproperlyConfigured
 from django.core.serializers.json import DjangoJSONEncoder
 from django.core.validators import (
-    MaxValueValidator, MinLengthValidator, MinValueValidator
+    MaxLengthValidator, MaxValueValidator, MinLengthValidator,
+    MinValueValidator
 )
 from django.db import models
 from django.db.models.signals import m2m_changed
@@ -435,9 +436,90 @@ class Meta:
 
         s = TestSerializer(data={'address': 'not an ip address'})
         self.assertFalse(s.is_valid())
-        self.assertEqual(1, len(s.errors['address']),
-                         'Unexpected number of validation errors: '
-                         '{}'.format(s.errors))
+        self.assertEqual(s.errors['address'],
+                         ['Enter a valid IPv4 or IPv6 address.'])
+
+    def test_ip_address_validation_with_custom_validator(self):
+        class IPAddressFieldModel(models.Model):
+            address = models.GenericIPAddressField(
+                # MaxLengthValidator is an unhashable type
+                validators=[MaxLengthValidator(15)],
+            )
+
+        class TestSerializer(serializers.ModelSerializer):
+            class Meta:
+                model = IPAddressFieldModel
+                fields = '__all__'
+
+        s = TestSerializer(data={'address': 'not an ip address'})
+        self.assertFalse(s.is_valid())
+        self.assertEqual(
+            s.errors['address'],
+            [
+                'Ensure this value has at most 15 characters (it has 17).',
+                'Enter a valid IPv4 or IPv6 address.',
+            ],
+        )
+
+    def test_ip_address_validation_with_protocol_ipv4(self):
+        class IPv4AddressFieldModel(models.Model):
+            address = models.GenericIPAddressField(protocol='IPv4')
+
+        class TestSerializer(serializers.ModelSerializer):
+            class Meta:
+                model = IPv4AddressFieldModel
+                fields = '__all__'
+
+        expected = dedent("""
+            TestSerializer():
+                id = IntegerField(label='ID', read_only=True)
+                address = IPAddressField(protocol='IPv4')
+        """)
+        self.assertEqual(repr(TestSerializer()), expected)
+
+        s = TestSerializer(data={'address': 'not an ip address'})
+        self.assertFalse(s.is_valid())
+        self.assertEqual(s.errors['address'],
+                         ['Enter a valid IPv4 address.'])
+
+        # An IPv6 address is not valid for an IPv4-only field.
+        s = TestSerializer(data={'address': '2001:db8::1'})
+        self.assertFalse(s.is_valid())
+        self.assertEqual(s.errors['address'],
+                         ['Enter a valid IPv4 address.'])
+
+        s = TestSerializer(data={'address': '192.0.2.1'})
+        self.assertTrue(s.is_valid(), s.errors)
+
+    def test_ip_address_validation_with_protocol_ipv6(self):
+        class IPv6AddressFieldModel(models.Model):
+            address = models.GenericIPAddressField(protocol='IPv6')
+
+        class TestSerializer(serializers.ModelSerializer):
+            class Meta:
+                model = IPv6AddressFieldModel
+                fields = '__all__'
+
+        expected = dedent("""
+            TestSerializer():
+                id = IntegerField(label='ID', read_only=True)
+                address = IPAddressField(protocol='IPv6')
+        """)
+        self.assertEqual(repr(TestSerializer()), expected)
+
+        s = TestSerializer(data={'address': 'not an ip address'})
+        self.assertFalse(s.is_valid())
+        self.assertEqual(s.errors['address'],
+                         ['Enter a valid IPv6 address.'])
+
+        # An IPv4 address is not valid for an IPv6-only field.
+        s = TestSerializer(data={'address': '192.0.2.1'})
+        self.assertFalse(s.is_valid())
+        self.assertEqual(s.errors['address'],
+                         ['Enter a valid IPv6 address.'])
+
+        s = TestSerializer(data={'address': '2001:db8::1'})
+        self.assertTrue(s.is_valid(), s.errors)
 
 
 @pytest.mark.skipif('not postgres_fields')