diff --git a/Documentation/git-remote.txt b/Documentation/git-remote.txt
index 2bebc32566..626f9d0afc 100644
--- a/Documentation/git-remote.txt
+++ b/Documentation/git-remote.txt
@@ -11,7 +11,7 @@ SYNOPSIS
 [verse]
 'git remote' [-v | --verbose]
 'git remote add' [-t <branch>] [-m <master>] [-f] [--[no-]tags] [--mirror=(fetch|push)] <name> <URL>
-'git remote rename' <old> <new>
+'git remote' [-v | --verbose] 'rename' <old> <new>
 'git remote remove' <name>
 'git remote set-head' <name> (-a | --auto | -d | --delete | <branch>)
 'git remote set-branches' [--add] <name> <branch>...
diff --git a/builtin/remote.c b/builtin/remote.c
index 6f27ddc47b..00668af5c9 100644
--- a/builtin/remote.c
+++ b/builtin/remote.c
@@ -12,11 +12,12 @@
 #include "object-store.h"
 #include "strvec.h"
 #include "commit-reach.h"
+#include "progress.h"

 static const char * const builtin_remote_usage[] = {
 	"git remote [-v | --verbose]",
 	N_("git remote add [-t <branch>] [-m <master>] [-f] [--tags | --no-tags] [--mirror=<fetch|push>] <name> <url>"),
-	N_("git remote rename <old> <new>"),
+	N_("git remote [-v | --verbose] rename <old> <new>"),
 	N_("git remote remove <name>"),
 	N_("git remote set-head <name> (-a | --auto | -d | --delete | <branch>)"),
 	N_("git remote [-v | --verbose] show [-n] <name>"),
@@ -571,6 +572,7 @@ struct rename_info {
 	const char *old_name;
 	const char *new_name;
 	struct string_list *remote_branches;
+	uint32_t symrefs_nr;
 };

 static int read_remote_branches(const char *refname,
@@ -587,10 +589,12 @@ static int read_remote_branches(const char *refname,
 		item = string_list_append(rename->remote_branches, refname);
 		symref = resolve_ref_unsafe(refname, RESOLVE_REF_READING,
 					    NULL, &flag);
-		if (symref && (flag & REF_ISSYMREF))
+		if (symref && (flag & REF_ISSYMREF)) {
 			item->util = xstrdup(symref);
-		else
+			rename->symrefs_nr++;
+		} else {
 			item->util = NULL;
+		}
 	}
 	strbuf_release(&buf);

@@ -682,7 +686,8 @@ static int mv(int argc, const char **argv)
 		old_remote_context = STRBUF_INIT;
 	struct string_list remote_branches = STRING_LIST_INIT_DUP;
 	struct rename_info rename;
-	int i, refspec_updated = 0;
+	int i, refs_renamed_nr = 0, refspec_updated = 0;
+	struct progress *progress = NULL;

 	if (argc != 3)
 		usage_with_options(builtin_remote_rename_usage, options);
@@ -690,6 +695,7 @@ static int mv(int argc, const char **argv)
 	rename.old_name = argv[1];
 	rename.new_name = argv[2];
 	rename.remote_branches = &remote_branches;
+	rename.symrefs_nr = 0;

 	oldremote = remote_get(rename.old_name);
 	if (!remote_is_configured(oldremote, 1)) {
@@ -764,6 +770,14 @@ static int mv(int argc, const char **argv)
 	 * the new symrefs.
 	 */
 	for_each_ref(read_remote_branches, &rename);
+	if (verbose) {
+		/*
+		 * Count symrefs twice, since "renaming" them is done by
+		 * deleting and recreating them in two separate passes.
+		 */
+		progress = start_progress(_("Renaming remote references"),
+					  rename.remote_branches->nr + rename.symrefs_nr);
+	}
 	for (i = 0; i < remote_branches.nr; i++) {
 		struct string_list_item *item = remote_branches.items + i;
 		int flag = 0;
@@ -773,6 +787,7 @@ static int mv(int argc, const char **argv)
 			continue;
 		if (delete_ref(NULL, item->string, NULL, REF_NO_DEREF))
 			die(_("deleting '%s' failed"), item->string);
+		display_progress(progress, ++refs_renamed_nr);
 	}
 	for (i = 0; i < remote_branches.nr; i++) {
 		struct string_list_item *item = remote_branches.items + i;
@@ -788,6 +803,7 @@ static int mv(int argc, const char **argv)
 				item->string, buf.buf);
 		if (rename_ref(item->string, buf.buf, buf2.buf))
 			die(_("renaming '%s' failed"), item->string);
+		display_progress(progress, ++refs_renamed_nr);
 	}
 	for (i = 0; i < remote_branches.nr; i++) {
 		struct string_list_item *item = remote_branches.items + i;
@@ -807,7 +823,9 @@ static int mv(int argc, const char **argv)
 				item->string, buf.buf);
 		if (create_symref(buf.buf, buf2.buf, buf3.buf))
 			die(_("creating '%s' failed"), buf.buf);
+		display_progress(progress, ++refs_renamed_nr);
 	}
+	stop_progress(&progress);
 	string_list_clear(&remote_branches, 1);

 	handle_push_default(rename.old_name, rename.new_name);
diff --git a/t/t5505-remote.sh b/t/t5505-remote.sh
index 9ab315424c..c4b76485e0 100755
--- a/t/t5505-remote.sh
+++ b/t/t5505-remote.sh
@@ -753,8 +753,9 @@ test_expect_success 'rename a remote' '
 	(
 		cd four &&
 		git config branch.main.pushRemote origin &&
-		git remote rename origin upstream &&
+		GIT_PROGRESS_DELAY=0 git remote -v rename origin upstream 2>err &&
 		grep "pushRemote" .git/config &&
+		grep "Renaming remote references: 100% (4/4), done" err &&
 		test -z "$(git for-each-ref refs/remotes/origin)" &&
 		test "$(git symbolic-ref refs/remotes/upstream/HEAD)" = "refs/remotes/upstream/main" &&
 		test "$(git rev-parse upstream/main)" = "$(git rev-parse main)" &&
