diff --git a/demo/collections/AllFields.ts b/demo/collections/AllFields.ts
index 92a1f7348d..81338fbf31 100644
--- a/demo/collections/AllFields.ts
+++ b/demo/collections/AllFields.ts
@@ -40,6 +40,25 @@ const AllFields: PayloadCollectionConfig = {
         read: ({ req: { user } }) => Boolean(user),
       },
     },
+    {
+      name: 'descriptionText',
+      type: 'text',
+      label: 'Text with text description',
+      defaultValue: 'Default Value',
+      admin: {
+        description: 'This text describes the field',
+      },
+    },
+    {
+      name: 'descriptionFunction',
+      type: 'text',
+      label: 'Text with function description',
+      defaultValue: 'Default Value',
+      maxLength: 20,
+      admin: {
+        description: ({ value }) => (typeof value === 'string' ? `${20 - value.length} characters left` : ''),
+      },
+    },
     {
       name: 'image',
       type: 'upload',
diff --git a/demo/collections/CustomComponents/index.ts b/demo/collections/CustomComponents/index.ts
index d4fb667354..c784275b29 100644
--- a/demo/collections/CustomComponents/index.ts
+++ b/demo/collections/CustomComponents/index.ts
@@ -7,6 +7,7 @@ import GroupField from './components/fields/Group/Field';
 import NestedGroupField from './components/fields/NestedGroupCustomField/Field';
 import NestedText1Field from './components/fields/NestedText1/Field';
 import ListView from './components/views/List';
+import CustomDescriptionComponent from '../../customComponents/Description';
 
 const CustomComponents: PayloadCollectionConfig = {
   slug: 'custom-components',
@@ -38,6 +39,17 @@ const CustomComponents: PayloadCollectionConfig = {
         },
       },
     },
+    {
+      name: 'descriptionComponent',
+      type: 'text',
+      label: 'Text with description component',
+      defaultValue: 'Default Value',
+      admin: {
+        components: {
+          Description: CustomDescriptionComponent,
+        },
+      },
+    },
     {
       name: 'array',
       label: 'Array',
diff --git a/demo/customComponents/Description/index.tsx b/demo/customComponents/Description/index.tsx
new file mode 100644
index 0000000000..581c56391a
--- /dev/null
+++ b/demo/customComponents/Description/index.tsx
@@ -0,0 +1,11 @@
+import React from 'react';
+
+const CustomDescriptionComponent: React.FC = ({ value }) => (
+  <div>
+    character count:
+    {' '}
+    { value.length }
+  </div>
+);
+
+export default CustomDescriptionComponent;
diff --git a/src/admin/components/forms/Label/index.scss b/src/admin/components/forms/Label/index.scss
index 98c4ceeb69..c6b9c3b1fc 100644
--- a/src/admin/components/forms/Label/index.scss
+++ b/src/admin/components/forms/Label/index.scss
@@ -3,7 +3,7 @@
 label.field-label {
   display: flex;
   padding-bottom: base(.25);
-  color: $color-gray;
+  color: $color-dark-gray;
 
   .required {
     color: $color-red;
diff --git a/src/admin/components/forms/RenderFieldDescription/index.scss b/src/admin/components/forms/RenderFieldDescription/index.scss
new file mode 100644
index 0000000000..2a6f97e10a
--- /dev/null
+++ b/src/admin/components/forms/RenderFieldDescription/index.scss
@@ -0,0 +1,8 @@
+@import '../../../scss/styles.scss';
+
+.field-description {
+  display: flex;
+  padding-top: base(.25);
+  padding-bottom: base(.25);
+  color: $color-gray;
+}
diff --git a/src/admin/components/forms/RenderFieldDescription/index.tsx b/src/admin/components/forms/RenderFieldDescription/index.tsx
new file mode 100644
index 0000000000..255f125601
--- /dev/null
+++ b/src/admin/components/forms/RenderFieldDescription/index.tsx
@@ -0,0 +1,35 @@
+import React from 'react';
+import { Props } from './types';
+import './index.scss';
+
+const RenderFieldDescription: React.FC<Props> = (props) => {
+  const {
+    description,
+    value,
+    CustomComponent,
+  } = props;
+
+  if (CustomComponent) {
+    return (
+      <div
+        className="field-description"
+      >
+        <CustomComponent value />
+      </div>
+    );
+  }
+
+  if (description) {
+    return (
+      <div
+        className="field-description"
+      >
+        {typeof description === 'function' ? description({ value }) : description}
+      </div>
+    );
+  }
+
+  return null;
+};
+
+export default RenderFieldDescription;
diff --git a/src/admin/components/forms/RenderFieldDescription/types.ts b/src/admin/components/forms/RenderFieldDescription/types.ts
new file mode 100644
index 0000000000..c784b8419b
--- /dev/null
+++ b/src/admin/components/forms/RenderFieldDescription/types.ts
@@ -0,0 +1,5 @@
+export type Props = {
+  description?: string | ((value) => string);
+  CustomComponent?: React.ComponentType<{ value: unknown }>;
+  value: unknown;
+}
diff --git a/src/admin/components/forms/field-types/Text/index.tsx b/src/admin/components/forms/field-types/Text/index.tsx
index 792e95803a..edbcfbb8ec 100644
--- a/src/admin/components/forms/field-types/Text/index.tsx
+++ b/src/admin/components/forms/field-types/Text/index.tsx
@@ -5,6 +5,7 @@ import Label from '../../Label';
 import Error from '../../Error';
 import { text } from '../../../../../fields/validations';
 import { Props } from './types';
+import RenderFieldDescription from '../../RenderFieldDescription';
 
 import './index.scss';
 
@@ -21,6 +22,10 @@ const Text: React.FC<Props> = (props) => {
       style,
       width,
       condition,
+      description,
+      components: {
+        Description,
+      } = {},
     } = {},
   } = props;
 
@@ -73,6 +78,11 @@ const Text: React.FC<Props> = (props) => {
         id={path}
         name={path}
       />
+      <RenderFieldDescription
+        value={value || ''}
+        description={description}
+        CustomComponent={Description}
+      />
     </div>
   );
 };
diff --git a/src/collections/config/types.ts b/src/collections/config/types.ts
index 14e718d91f..1002251956 100644
--- a/src/collections/config/types.ts
+++ b/src/collections/config/types.ts
@@ -99,7 +99,7 @@ export type PayloadCollectionConfig = {
   admin?: {
     useAsTitle?: string;
     defaultColumns?: string[];
-    disableDuplicate?: boolean
+    disableDuplicate?: boolean;
     components?: {
       views?: {
         Edit?: React.ComponentType
diff --git a/src/fields/config/schema.ts b/src/fields/config/schema.ts
index e3a958edde..b957206064 100644
--- a/src/fields/config/schema.ts
+++ b/src/fields/config/schema.ts
@@ -6,6 +6,10 @@ const component = joi.alternatives().try(
 );
 
 export const baseAdminFields = joi.object().keys({
+  description: joi.alternatives().try(
+    joi.string(),
+    joi.func(),
+  ),
   position: joi.string().valid('sidebar'),
   width: joi.string(),
   style: joi.object().unknown(),
@@ -17,6 +21,7 @@ export const baseAdminFields = joi.object().keys({
     Cell: component,
     Field: component,
     Filter: component,
+    Description: component,
   }).default({}),
 });
 
diff --git a/src/fields/config/types.ts b/src/fields/config/types.ts
index 7d615d1ac9..2131e03d26 100644
--- a/src/fields/config/types.ts
+++ b/src/fields/config/types.ts
@@ -22,7 +22,7 @@ export type FieldAccess = (args: {
   siblingData: Record<string, unknown>
 }) => Promise<boolean> | boolean;
 
-export type Condition = (data: Record<string, unknown>, siblingData: Record<string, unknown>) => boolean
+export type Condition = (data: Record<string, unknown>, siblingData: Record<string, unknown>) => boolean;
 
 type Admin = {
   position?: string;
@@ -31,7 +31,13 @@ type Admin = {
   readOnly?: boolean;
   disabled?: boolean;
   condition?: Condition;
-  components?: { [key: string]: React.ComponentType };
+  description?: string | ((data: Record<string, unknown>) => string);
+  components?: {
+    Filter?: React.ComponentType;
+    Cell?: React.ComponentType;
+    Field?: React.ComponentType;
+    Description?: React.ComponentType<{value: unknown}>
+  }
   hidden?: boolean
 }
 
@@ -214,11 +220,11 @@ export type RadioField = FieldBase & {
 }
 
 export type Block = {
-  slug: string,
-  labels?: Labels
-  fields: Field[],
-  imageURL?: string
-  imageAltText?: string
+  slug: string;
+  labels?: Labels;
+  fields: Field[];
+  imageURL?: string;
+  imageAltText?: string;
 }
 
 export type BlockField = FieldBase & {