diff --git a/NEWS.md b/NEWS.md
index cb9547e597..2d618682e4 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -9,6 +9,7 @@
 * Fixed crash when accessing a world through a symlink (#4042)
 * Fixed performance issue when tinting tiles from large tilesets
 * Fixed error reporting when exporting on the command-line (by Shuhei Nagasawa, #4015)
+* Fixed updating of object label when text changes without changing size
 * Fixed minimum value of spinbox in Tile Animation Editor
 
 ### Tiled 1.11.0 (27 June 2024)
diff --git a/src/tiled/objectselectionitem.cpp b/src/tiled/objectselectionitem.cpp
index 572e6650d2..5fc004a4dd 100644
--- a/src/tiled/objectselectionitem.cpp
+++ b/src/tiled/objectselectionitem.cpp
@@ -183,8 +183,13 @@ void MapObjectLabel::syncWithMapObject(const MapRenderer &renderer)
     if (!nameVisible)
         return;
 
+    if (mText != mObject->name()) {
+        mText = mObject->name();
+        update();
+    }
+
     const QFontMetricsF metrics(scene() ? scene()->font() : QApplication::font());
-    QRectF boundingRect = metrics.boundingRect(mObject->name());
+    QRectF boundingRect = metrics.boundingRect(mText);
 
     const qreal margin = Utils::dpiScaled(labelMargin);
     const qreal distance = Utils::dpiScaled(labelDistance);
@@ -251,9 +256,9 @@ void MapObjectLabel::paint(QPainter *painter,
 
     painter->drawRoundedRect(mBoundingRect, 4, 4);
     painter->setPen(Qt::black);
-    painter->drawText(mTextPos + QPointF(1,1), mObject->name());
+    painter->drawText(mTextPos + QPointF(1,1), mText);
     painter->setPen(Qt::white);
-    painter->drawText(mTextPos, mObject->name());
+    painter->drawText(mTextPos, mText);
 }
 
 
diff --git a/src/tiled/objectselectionitem.h b/src/tiled/objectselectionitem.h
index e67fbe088b..f898c5d2ae 100644
--- a/src/tiled/objectselectionitem.h
+++ b/src/tiled/objectselectionitem.h
@@ -57,6 +57,7 @@ class MapObjectLabel : public QGraphicsItem
 
 private:
     QRectF mBoundingRect;
+    QString mText;
     QPointF mTextPos;
     const MapObject *mObject;
     QColor mColor;