diff --git a/newsfragments/4810.added.md b/newsfragments/4810.added.md
new file mode 100644
index 00000000000..e89e22e544d
--- /dev/null
+++ b/newsfragments/4810.added.md
@@ -0,0 +1 @@
+Optimizes `nth` and `nth_back` for `BoundListIterator`
\ No newline at end of file
diff --git a/pyo3-benches/benches/bench_list.rs b/pyo3-benches/benches/bench_list.rs
index cc790db37bf..7a19452455e 100644
--- a/pyo3-benches/benches/bench_list.rs
+++ b/pyo3-benches/benches/bench_list.rs
@@ -39,7 +39,33 @@ fn list_get_item(b: &mut Bencher<'_>) {
     });
 }
 
-#[cfg(not(any(Py_LIMITED_API, Py_GIL_DISABLED)))]
+fn list_nth(b: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        const LEN: usize = 50;
+        let list = PyList::new_bound(py, 0..LEN);
+        let mut sum = 0;
+        b.iter(|| {
+            for i in 0..LEN {
+                sum += list.iter().nth(i).unwrap().extract::<usize>().unwrap();
+            }
+        });
+    });
+}
+
+fn list_nth_back(b: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        const LEN: usize = 50;
+        let list = PyList::new_bound(py, 0..LEN);
+        let mut sum = 0;
+        b.iter(|| {
+            for i in 0..LEN {
+                sum += list.iter().nth_back(i).unwrap().extract::<usize>().unwrap();
+            }
+        });
+    });
+}
+
+#[cfg(not(Py_LIMITED_API))]
 fn list_get_item_unchecked(b: &mut Bencher<'_>) {
     Python::with_gil(|py| {
         const LEN: usize = 50_000;
@@ -66,6 +92,8 @@ fn sequence_from_list(b: &mut Bencher<'_>) {
 fn criterion_benchmark(c: &mut Criterion) {
     c.bench_function("iter_list", iter_list);
     c.bench_function("list_new", list_new);
+    c.bench_function("list_nth", list_nth);
+    c.bench_function("list_nth_back", list_nth_back);
     c.bench_function("list_get_item", list_get_item);
     #[cfg(not(any(Py_LIMITED_API, Py_GIL_DISABLED)))]
     c.bench_function("list_get_item_unchecked", list_get_item_unchecked);
diff --git a/src/types/list.rs b/src/types/list.rs
index af2b557cba9..3db72d07fed 100644
--- a/src/types/list.rs
+++ b/src/types/list.rs
@@ -494,7 +494,6 @@ impl<'py> Iterator for BoundListIterator<'py> {
     #[inline]
     fn next(&mut self) -> Option<Self::Item> {
         let length = self.length.min(self.list.len());
-
         if self.index < length {
             let item = unsafe { self.get_item(self.index) };
             self.index += 1;
@@ -509,6 +508,20 @@ impl<'py> Iterator for BoundListIterator<'py> {
         let len = self.len();
         (len, Some(len))
     }
+
+    #[inline]
+    fn nth(&mut self, n: usize) -> Option<Self::Item> {
+        let length = self.length.min(self.list.len());
+        let target_index = self.index + n;
+        if self.index + n < length {
+            let item = unsafe { self.get_item(target_index) };
+            self.index = target_index + 1;
+            Some(item)
+        } else {
+            self.index = self.list.len();
+            None
+        }
+    }
 }
 
 impl DoubleEndedIterator for BoundListIterator<'_> {
@@ -524,6 +537,20 @@ impl DoubleEndedIterator for BoundListIterator<'_> {
             None
         }
     }
+
+    #[inline]
+    fn nth_back(&mut self, n: usize) -> Option<Self::Item> {
+        let length = self.length.min(self.list.len());
+        if self.index + n < length {
+            let target_index = length - n - 1;
+            let item = unsafe { self.get_item(target_index) };
+            self.length = target_index;
+            Some(item)
+        } else {
+            self.length = length;
+            None
+        }
+    }
 }
 
 impl ExactSizeIterator for BoundListIterator<'_> {
@@ -720,6 +747,106 @@ mod tests {
         });
     }
 
+    #[test]
+    fn test_iter_nth() {
+        Python::with_gil(|py| {
+            let v = vec![6, 7, 8, 9, 10];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            iter.next();
+            assert_eq!(iter.nth(1).unwrap().extract::<i32>().unwrap(), 8);
+            assert_eq!(iter.nth(1).unwrap().extract::<i32>().unwrap(), 10);
+            assert!(iter.nth(1).is_none());
+
+            let v: Vec<i32> = vec![];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            iter.next();
+            assert!(iter.nth(1).is_none());
+
+            let v = vec![1, 2, 3];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            assert!(iter.nth(10).is_none());
+
+            let v = vec![6, 7, 8, 9, 10];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+            let mut iter = list.iter();
+            assert_eq!(iter.next().unwrap().extract::<i32>().unwrap(), 6);
+            assert_eq!(iter.nth(2).unwrap().extract::<i32>().unwrap(), 9);
+            assert_eq!(iter.next().unwrap().extract::<i32>().unwrap(), 10);
+
+            let mut iter = list.iter();
+            iter.nth_back(1);
+            assert_eq!(iter.nth(2).unwrap().extract::<i32>().unwrap(), 8);
+            assert!(iter.next().is_none());
+        });
+    }
+
+    #[test]
+    fn test_iter_nth_back() {
+        Python::with_gil(|py| {
+            let v = vec![1, 2, 3, 4, 5];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            assert_eq!(iter.nth_back(0).unwrap().extract::<i32>().unwrap(), 5);
+            assert_eq!(iter.nth_back(1).unwrap().extract::<i32>().unwrap(), 3);
+            assert!(iter.nth_back(2).is_none());
+
+            let v: Vec<i32> = vec![];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            assert!(iter.nth_back(0).is_none());
+            assert!(iter.nth_back(1).is_none());
+
+            let v = vec![1, 2, 3];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            assert!(iter.nth_back(5).is_none());
+
+            let v = vec![1, 2, 3, 4, 5];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            iter.next_back(); // Consume the last element
+            assert_eq!(iter.nth_back(1).unwrap().extract::<i32>().unwrap(), 3);
+            assert_eq!(iter.next_back().unwrap().extract::<i32>().unwrap(), 2);
+            assert_eq!(iter.nth_back(0).unwrap().extract::<i32>().unwrap(), 1);
+
+            let v = vec![1, 2, 3, 4, 5];
+            let ob = (&v).into_pyobject(py).unwrap();
+            let list = ob.downcast::<PyList>().unwrap();
+
+            let mut iter = list.iter();
+            assert_eq!(iter.nth_back(1).unwrap().extract::<i32>().unwrap(), 4);
+            assert_eq!(iter.nth_back(2).unwrap().extract::<i32>().unwrap(), 1);
+
+            let mut iter2 = list.iter();
+            iter2.next_back();
+            assert_eq!(iter2.nth_back(1).unwrap().extract::<i32>().unwrap(), 3);
+            assert_eq!(iter2.next_back().unwrap().extract::<i32>().unwrap(), 2);
+
+            let mut iter3 = list.iter();
+            iter3.nth(1);
+            assert_eq!(iter3.nth_back(2).unwrap().extract::<i32>().unwrap(), 3);
+            assert!(iter3.nth_back(0).is_none());
+        });
+    }
+
     #[test]
     fn test_iter_rev() {
         Python::with_gil(|py| {