diff --git a/changelog.d/11892.feature b/changelog.d/11892.feature
new file mode 100644
index 000000000..86e21a7f8
--- /dev/null
+++ b/changelog.d/11892.feature
@@ -0,0 +1 @@
+Use a dedicated configurable rate limiter for 3PID invites.
diff --git a/docs/sample_config.yaml b/docs/sample_config.yaml
index 689b207fc..946cd281d 100644
--- a/docs/sample_config.yaml
+++ b/docs/sample_config.yaml
@@ -857,6 +857,9 @@ log_config: "CONFDIR/SERVERNAME.log.config"
 #   - one for ratelimiting how often a user or IP can attempt to validate a 3PID.
 #   - two for ratelimiting how often invites can be sent in a room or to a
 #     specific user.
+#   - one for ratelimiting 3PID invites (i.e. invites sent to a third-party ID
+#     such as an email address or a phone number) based on the account that's
+#     sending the invite.
 #
 # The defaults are as shown below.
 #
@@ -906,6 +909,10 @@ log_config: "CONFDIR/SERVERNAME.log.config"
 #  per_user:
 #    per_second: 0.003
 #    burst_count: 5
+#
+#rc_third_party_invite:
+#  per_second: 0.2
+#  burst_count: 10
 
 # Ratelimiting settings for incoming federation
 #
diff --git a/synapse/config/ratelimiting.py b/synapse/config/ratelimiting.py
index 36636ab07..e9ccf1bd6 100644
--- a/synapse/config/ratelimiting.py
+++ b/synapse/config/ratelimiting.py
@@ -134,6 +134,14 @@ class RatelimitConfig(Config):
             defaults={"per_second": 0.003, "burst_count": 5},
         )
 
+        self.rc_third_party_invite = RateLimitConfig(
+            config.get("rc_third_party_invite", {}),
+            defaults={
+                "per_second": self.rc_message.per_second,
+                "burst_count": self.rc_message.burst_count,
+            },
+        )
+
     def generate_config_section(self, **kwargs):
         return """\
         ## Ratelimiting ##
@@ -168,6 +176,9 @@ class RatelimitConfig(Config):
         #   - one for ratelimiting how often a user or IP can attempt to validate a 3PID.
         #   - two for ratelimiting how often invites can be sent in a room or to a
         #     specific user.
+        #   - one for ratelimiting 3PID invites (i.e. invites sent to a third-party ID
+        #     such as an email address or a phone number) based on the account that's
+        #     sending the invite.
         #
         # The defaults are as shown below.
         #
@@ -217,6 +228,10 @@ class RatelimitConfig(Config):
         #  per_user:
         #    per_second: 0.003
         #    burst_count: 5
+        #
+        #rc_third_party_invite:
+        #  per_second: 0.2
+        #  burst_count: 10
 
         # Ratelimiting settings for incoming federation
         #
diff --git a/synapse/handlers/room_member.py b/synapse/handlers/room_member.py
index 3dd5e1b6e..efe6b4c9a 100644
--- a/synapse/handlers/room_member.py
+++ b/synapse/handlers/room_member.py
@@ -116,6 +116,13 @@ class RoomMemberHandler(metaclass=abc.ABCMeta):
             burst_count=hs.config.ratelimiting.rc_invites_per_user.burst_count,
         )
 
+        self._third_party_invite_limiter = Ratelimiter(
+            store=self.store,
+            clock=self.clock,
+            rate_hz=hs.config.ratelimiting.rc_third_party_invite.per_second,
+            burst_count=hs.config.ratelimiting.rc_third_party_invite.burst_count,
+        )
+
         self.request_ratelimiter = hs.get_request_ratelimiter()
 
     @abc.abstractmethod
@@ -1295,7 +1302,7 @@ class RoomMemberHandler(metaclass=abc.ABCMeta):
 
         # We need to rate limit *before* we send out any 3PID invites, so we
         # can't just rely on the standard ratelimiting of events.
-        await self.request_ratelimiter.ratelimit(requester)
+        await self._third_party_invite_limiter.ratelimit(requester)
 
         can_invite = await self.third_party_event_rules.check_threepid_can_be_invited(
             medium, address, room_id