diff --git a/src/__tests__/renderHook.js b/src/__tests__/renderHook.js
index f331e90e..8ecfa83d 100644
--- a/src/__tests__/renderHook.js
+++ b/src/__tests__/renderHook.js
@@ -50,6 +50,27 @@ test('allows rerendering', () => {
   expect(result.current).toEqual(['right', expect.any(Function)])
 })
 
+test('allows setting a displayName', () => {
+  let capturedElement = null
+
+  const spyWrapper = ({children}) => {
+    // Capture the hook element React creates
+    capturedElement = React.Children.only(children)
+    return <>{children}</>
+  }
+
+  const useMyLocalHook = jest.fn()
+
+  renderHook(useMyLocalHook, {
+    wrapper: spyWrapper,
+    displayName: 'CustomHookDisplayName',
+  })
+
+  expect(useMyLocalHook).toHaveBeenCalledTimes(1)
+
+  expect(capturedElement?.type?.displayName).toBe('CustomHookDisplayName')
+})
+
 test('allows wrapper components', async () => {
   const Context = React.createContext('default')
   function Wrapper({children}) {
diff --git a/src/pure.js b/src/pure.js
index 0f9c487d..43d0282e 100644
--- a/src/pure.js
+++ b/src/pure.js
@@ -318,7 +318,7 @@ function cleanup() {
 }
 
 function renderHook(renderCallback, options = {}) {
-  const {initialProps, ...renderOptions} = options
+  const {initialProps, displayName, ...renderOptions} = options
 
   if (renderOptions.legacyRoot && typeof ReactDOM.render !== 'function') {
     const error = new Error(
@@ -342,6 +342,10 @@ function renderHook(renderCallback, options = {}) {
     return null
   }
 
+  if (displayName !== undefined) {
+    TestComponent.displayName = displayName
+  }
+
   const {rerender: baseRerender, unmount} = render(
     <TestComponent renderCallbackProps={initialProps} />,
     renderOptions,
diff --git a/types/index.d.ts b/types/index.d.ts
index bdd60567..17702718 100644
--- a/types/index.d.ts
+++ b/types/index.d.ts
@@ -254,6 +254,7 @@ export interface RenderHookOptions<
    * to use the rerender utility to change the values passed to your hook.
    */
   initialProps?: Props | undefined
+  displayName?: React.FunctionComponent['displayName']
 }
 
 /**