diff --git a/rest_framework/fields.py b/rest_framework/fields.py
index 46ca2346d..fd1259052 100644
--- a/rest_framework/fields.py
+++ b/rest_framework/fields.py
@@ -862,7 +862,7 @@ class DecimalField(WritableField):
     def __init__(self, max_value=None, min_value=None, max_digits=None, decimal_places=None, *args, **kwargs):
         self.max_value, self.min_value = max_value, min_value
         self.max_digits, self.decimal_places = max_digits, decimal_places
-        self.empty = Decimal('0').qauntize(Decimal('.%s1' % ('0' * self.decimal_places)))
+        self.empty = Decimal('0').quantize(Decimal('.%s1' % ('0' * self.decimal_places)))
         super(DecimalField, self).__init__(*args, **kwargs)
 
         if max_value is not None: