Techniques for dynamically configuring a dynamic host configuration protocol (DHCP) server in a virtual network environment are described. In one example embodiment, DHCP bindings are configured using virtual machine (VM) inventory objects. Further, the configured DHCP bindings are transformed by replacing the VM inventory objects in the configured DHCP bindings with associated media access control (MAC) addresses using a VM object attribute table. Furthermore, the transformed DHCP bindings are sent to the DHCP sever for assigning Internet protocol (IP) addresses to multiple VMs running on a plurality of host computing systems in a computing network.