diff --git a/packages/react/src/components/Forms/Select/index.scss b/packages/react/src/components/Forms/Select/index.scss
index 24b88ce..e205f96 100644
--- a/packages/react/src/components/Forms/Select/index.scss
+++ b/packages/react/src/components/Forms/Select/index.scss
@@ -62,6 +62,14 @@
         font-size: var(--c--components--forms-select--font-size);
         background-color: var(--c--components--forms-select--background-color);
       }
+
+      &__input {
+        &--hidden {
+          // Using display: none makes impossible to focus the input.
+          position: absolute;
+          height: 0;
+        }
+      }
     }
 
     &__actions {
diff --git a/packages/react/src/components/Forms/Select/index.tsx b/packages/react/src/components/Forms/Select/index.tsx
index f33e2aa..56dbb04 100644
--- a/packages/react/src/components/Forms/Select/index.tsx
+++ b/packages/react/src/components/Forms/Select/index.tsx
@@ -1,11 +1,27 @@
-import React, { forwardRef, PropsWithChildren } from "react";
+import React, { forwardRef, PropsWithChildren, ReactNode } from "react";
 import { SelectMulti } from ":/components/Forms/Select/multi";
-import { Option, SelectMono } from ":/components/Forms/Select/mono";
+import { SelectMono } from ":/components/Forms/Select/mono";
 import { FieldProps } from ":/components/Forms/Field";
 
 export * from ":/components/Forms/Select/mono";
 export * from ":/components/Forms/Select/multi";
 
+export type OptionWithRender = {
+  disabled?: boolean;
+  value: string;
+  label: string;
+  render: () => ReactNode;
+};
+
+export type Option =
+  | {
+      disabled?: boolean;
+      value?: string;
+      label: string;
+      render?: undefined;
+    }
+  | OptionWithRender;
+
 export interface SelectHandle {
   blur: () => void;
 }
@@ -28,6 +44,7 @@ export type SelectProps = PropsWithChildren &
     disabled?: boolean;
     clearable?: boolean;
     multi?: boolean;
+    showLabelWhenSelected?: boolean;
   };
 export const Select = forwardRef<SelectHandle, SelectProps>((props, ref) => {
   if (props.defaultValue && props.value) {
diff --git a/packages/react/src/components/Forms/Select/mono-common.tsx b/packages/react/src/components/Forms/Select/mono-common.tsx
index b1f3a77..ee2848a 100644
--- a/packages/react/src/components/Forms/Select/mono-common.tsx
+++ b/packages/react/src/components/Forms/Select/mono-common.tsx
@@ -5,8 +5,8 @@ import { useCunningham } from ":/components/Provider";
 import { Field } from ":/components/Forms/Field";
 import { LabelledBox } from ":/components/Forms/LabelledBox";
 import { Button } from ":/components/Button";
-import { Option } from ":/components/Forms/Select/mono";
-import { SelectProps } from ":/components/Forms/Select";
+import { Option, SelectProps } from ":/components/Forms/Select";
+import { isOptionWithRender } from ":/components/Forms/Select/utils";
 
 export function getOptionsFilter(inputValue?: string) {
   return (option: Option) => {
@@ -22,10 +22,20 @@ export const optionToString = (option: Option | null) => {
   return option ? option.label : "";
 };
 
+/**
+ * Returns underlying value of option.
+ */
 export const optionToValue = (option: Option) => {
   return option.value ?? option.label;
 };
 
+export const renderOption = (option: Option) => {
+  if (isOptionWithRender(option)) {
+    return option.render();
+  }
+  return option.label;
+};
+
 export interface SubProps extends SelectProps {
   defaultSelectedItem?: Option;
   downshiftProps: {
@@ -159,12 +169,12 @@ export const SelectMonoAux = ({
         </div>
         <div
           className={classNames("c__select__menu", {
-            "c__select__menu--opened": downshiftReturn.isOpen,
+            "c__select__menu--opened": downshiftReturn.isOpen || false,
           })}
           {...downshiftReturn.getMenuProps()}
         >
           <ul>
-            {downshiftReturn.isOpen && (
+            {(downshiftReturn.isOpen || false) && (
               <>
                 {options.map((item, index) => {
                   const isActive = index === downshiftReturn.highlightedIndex;
@@ -182,7 +192,7 @@ export const SelectMonoAux = ({
                         index,
                       })}
                     >
-                      <span>{item.label}</span>
+                      <span>{renderOption(item)}</span>
                     </li>
                   );
                 })}
diff --git a/packages/react/src/components/Forms/Select/mono-searchable.tsx b/packages/react/src/components/Forms/Select/mono-searchable.tsx
index e392194..ff894ae 100644
--- a/packages/react/src/components/Forms/Select/mono-searchable.tsx
+++ b/packages/react/src/components/Forms/Select/mono-searchable.tsx
@@ -6,6 +6,7 @@ import React, {
   useState,
 } from "react";
 import { useCombobox } from "downshift";
+import classNames from "classnames";
 import { useCunningham } from ":/components/Provider";
 import {
   getOptionsFilter,
@@ -15,9 +16,10 @@ import {
   SubProps,
 } from ":/components/Forms/Select/mono-common";
 import { SelectHandle } from ":/components/Forms/Select";
+import { isOptionWithRender } from ":/components/Forms/Select/utils";
 
 export const SelectMonoSearchable = forwardRef<SelectHandle, SubProps>(
-  (props, ref) => {
+  ({ showLabelWhenSelected = true, ...props }, ref) => {
     const { t } = useCunningham();
     const [optionsToDisplay, setOptionsToDisplay] = useState(props.options);
     const [hasInputFocused, setHasInputFocused] = useState(false);
@@ -108,6 +110,8 @@ export const SelectMonoSearchable = forwardRef<SelectHandle, SubProps>(
       disabled: props.disabled,
     });
 
+    const renderCustomSelectedOption = !showLabelWhenSelected;
+
     return (
       <SelectMonoAux
         {...props}
@@ -129,6 +133,10 @@ export const SelectMonoSearchable = forwardRef<SelectHandle, SubProps>(
       >
         <input
           {...inputProps}
+          className={classNames({
+            "c__select__inner__value__input--hidden":
+              renderCustomSelectedOption && !hasInputFocused,
+          })}
           onFocus={() => {
             setHasInputFocused(true);
           }}
@@ -136,6 +144,12 @@ export const SelectMonoSearchable = forwardRef<SelectHandle, SubProps>(
             onInputBlur();
           }}
         />
+
+        {renderCustomSelectedOption &&
+          !hasInputFocused &&
+          downshiftReturn.selectedItem &&
+          isOptionWithRender(downshiftReturn.selectedItem) &&
+          downshiftReturn.selectedItem.render()}
       </SelectMonoAux>
     );
   },
diff --git a/packages/react/src/components/Forms/Select/mono-simple.tsx b/packages/react/src/components/Forms/Select/mono-simple.tsx
index 2a808b7..8ed0bf0 100644
--- a/packages/react/src/components/Forms/Select/mono-simple.tsx
+++ b/packages/react/src/components/Forms/Select/mono-simple.tsx
@@ -11,7 +11,8 @@ import {
   SelectMonoAux,
   SubProps,
 } from ":/components/Forms/Select/mono-common";
-import { SelectHandle } from ":/components/Forms/Select/index";
+import { SelectHandle } from ":/components/Forms/Select";
+import { SelectedOption } from ":/components/Forms/Select/utils";
 
 export const SelectMonoSimple = forwardRef<SelectHandle, SubProps>(
   (props, ref) => {
@@ -61,9 +62,7 @@ export const SelectMonoSimple = forwardRef<SelectHandle, SubProps>(
         }}
         labelAsPlaceholder={!downshiftReturn.selectedItem}
       >
-        {downshiftReturn.selectedItem && (
-          <span>{optionToString(downshiftReturn.selectedItem)}</span>
-        )}
+        <SelectedOption option={downshiftReturn.selectedItem} {...props} />
       </SelectMonoAux>
     );
   },
diff --git a/packages/react/src/components/Forms/Select/mono.mdx b/packages/react/src/components/Forms/Select/mono.mdx
index 6e1d66f..c68d7c2 100644
--- a/packages/react/src/components/Forms/Select/mono.mdx
+++ b/packages/react/src/components/Forms/Select/mono.mdx
@@ -103,6 +103,19 @@ For some reasons you might want to hide the label of the select. You can do that
   <Story id="components-forms-select-mono--hidden-label"/>
 </Canvas>
 
+## Custom render option
+
+You can give customize the look of the options by providing `render` callback.
+
+> When you provide `render` the fields `label` and `value` are mandatory.
+
+Feel free to use the attribute `showLabelWhenSelected` to choose whether you want to display selected option with the custom
+HTML or with its `label`. It is set to `true` by default.
+
+<Canvas sourceState="shown">
+  <Story id="components-forms-select-mono--custom-render"/>
+</Canvas>
+
 ## Controlled / Non Controlled
 
 Like a native select, you can use the Select component in a controlled or non controlled way. You can see the example below
diff --git a/packages/react/src/components/Forms/Select/mono.spec.tsx b/packages/react/src/components/Forms/Select/mono.spec.tsx
index 80966a2..a04eaa4 100644
--- a/packages/react/src/components/Forms/Select/mono.spec.tsx
+++ b/packages/react/src/components/Forms/Select/mono.spec.tsx
@@ -2,7 +2,13 @@ import userEvent from "@testing-library/user-event";
 import { render, screen, waitFor } from "@testing-library/react";
 import { expect } from "vitest";
 import React, { createRef, FormEvent, useState } from "react";
-import { Select, Option, SelectHandle } from ":/components/Forms/Select/index";
+import { within } from "@testing-library/dom";
+import {
+  Select,
+  Option,
+  SelectHandle,
+  SelectProps,
+} from ":/components/Forms/Select/index";
 import { Button } from ":/components/Button";
 import { CunninghamProvider } from ":/components/Provider";
 import {
@@ -836,6 +842,123 @@ describe("<Select/>", () => {
       await waitFor(() => expectMenuToBeClosed(menu));
       expect(document.activeElement?.tagName).toEqual("BODY");
     });
+
+    it("renders custom options", async () => {
+      const Wrapper = (props: SelectProps) => {
+        return (
+          <CunninghamProvider>
+            <Select {...props} />
+            <Button>Blur</Button>
+          </CunninghamProvider>
+        );
+      };
+
+      const props: SelectProps = {
+        label: "City",
+        searchable: true,
+        options: [
+          {
+            label: "Paris",
+            value: "paris",
+            render: () => (
+              <div>
+                <img src="paris.png" alt="Paris flag" />
+                Paris
+              </div>
+            ),
+          },
+          {
+            label: "Panama",
+            value: "panama",
+            render: () => (
+              <div>
+                <img src="panama.png" alt="Panama flag" />
+                Panama
+              </div>
+            ),
+          },
+          {
+            label: "London",
+            value: "london",
+            render: () => (
+              <div>
+                <img src="london.png" alt="London flag" />
+                London
+              </div>
+            ),
+          },
+        ],
+      };
+
+      const { rerender } = render(<Wrapper {...props} />);
+      const input = screen.getByRole("combobox", {
+        name: "City",
+      });
+      const menu: HTMLDivElement = screen.getByRole("listbox", {
+        name: "City",
+      });
+      const blurButton = screen.getByRole("button", { name: "Blur" });
+      const user = userEvent.setup();
+      const valueRendered = document.querySelector(
+        ".c__select__inner__value",
+      ) as HTMLElement;
+
+      await user.click(input);
+      expectMenuToBeOpen(menu);
+      screen.getByRole("img", { name: "Paris flag" });
+      screen.getByRole("img", { name: "Panama flag" });
+      screen.getByRole("img", { name: "London flag" });
+
+      await user.type(input, "Pa");
+      screen.getByRole("img", { name: "Paris flag" });
+      screen.getByRole("img", { name: "Panama flag" });
+      expect(
+        screen.queryByRole("img", { name: "London flag" }),
+      ).not.toBeInTheDocument();
+
+      await user.click(
+        screen.getByRole("option", { name: "Paris flag Paris" }),
+      );
+      await user.click(blurButton);
+
+      // Make sure only the label is rendered by default.
+      expect(input).toHaveValue("Paris");
+      expect(input).not.toHaveClass("c__select__inner__value__input--hidden");
+      expect(
+        within(valueRendered).queryByRole("img", {
+          name: "Paris flag",
+        }),
+      ).not.toBeInTheDocument();
+
+      // Now showLabelWhenSelected to false.
+      rerender(<Wrapper {...props} showLabelWhenSelected={false} />);
+
+      // Make sure the HTML content of the option is rendered.
+      // The input is still present in the DOM ( but hidden for users ).
+      expect(input).toHaveValue("Paris");
+      expect(input).toHaveClass("c__select__inner__value__input--hidden");
+      within(valueRendered).getByRole("img", {
+        name: "Paris flag",
+      });
+
+      // Focus on the input and make sure the custom HTML is removed.
+      await user.click(input);
+      expect(input).toHaveValue("Paris");
+      expect(input).not.toHaveClass("c__select__inner__value__input--hidden");
+      expect(
+        within(valueRendered).queryByRole("img", {
+          name: "Paris flag",
+        }),
+      ).not.toBeInTheDocument();
+
+      // Blur the input and make sure the custom HTML is rendered.
+      await user.click(blurButton);
+      expect(input).toHaveValue("Paris");
+      expect(input).toHaveClass("c__select__inner__value__input--hidden");
+      within(valueRendered).getByRole("img", {
+        name: "Paris flag",
+      });
+    });
   });
 
   describe("Simple", () => {
@@ -1644,5 +1767,91 @@ describe("<Select/>", () => {
       await waitFor(() => expectMenuToBeClosed(menu));
       expect(document.activeElement?.className).toEqual("");
     });
+
+    it("renders custom options", async () => {
+      const Wrapper = (props: SelectProps) => {
+        return (
+          <CunninghamProvider>
+            <Select {...props} />
+          </CunninghamProvider>
+        );
+      };
+
+      const props: SelectProps = {
+        label: "City",
+        options: [
+          {
+            label: "Paris",
+            value: "paris",
+            render: () => (
+              <div>
+                <img src="paris.png" alt="Paris flag" />
+                Paris
+              </div>
+            ),
+          },
+          {
+            label: "Panama",
+            value: "panama",
+            render: () => (
+              <div>
+                <img src="panama.png" alt="Panama flag" />
+                Panama
+              </div>
+            ),
+          },
+          {
+            label: "London",
+            value: "london",
+            render: () => (
+              <div>
+                <img src="london.png" alt="London flag" />
+                London
+              </div>
+            ),
+          },
+        ],
+      };
+
+      const { rerender } = render(<Wrapper {...props} />);
+      const input = screen.getByRole("combobox", {
+        name: "City",
+      });
+      const menu: HTMLDivElement = screen.getByRole("listbox", {
+        name: "City",
+      });
+      const user = userEvent.setup();
+      const valueRendered = document.querySelector(
+        ".c__select__inner__value",
+      ) as HTMLElement;
+
+      await user.click(input);
+      expectMenuToBeOpen(menu);
+
+      screen.getByRole("img", { name: "Paris flag" });
+      screen.getByRole("img", { name: "Panama flag" });
+      screen.getByRole("img", { name: "London flag" });
+
+      await user.click(
+        screen.getByRole("option", { name: "London flag London" }),
+      );
+
+      // Make sure only the label is rendered by default.
+      expect(valueRendered).toHaveTextContent("London");
+      expect(
+        within(valueRendered).queryByRole("img", {
+          name: "London flag",
+        }),
+      ).not.toBeInTheDocument();
+
+      // Now showLabelWhenSelected to false.
+      rerender(<Wrapper {...props} showLabelWhenSelected={false} />);
+
+      // Make sure the HTML content of the option is rendered.
+      expect(valueRendered).toHaveTextContent("London");
+      within(valueRendered).getByRole("img", {
+        name: "London flag",
+      });
+    });
   });
 });
diff --git a/packages/react/src/components/Forms/Select/mono.stories.tsx b/packages/react/src/components/Forms/Select/mono.stories.tsx
index 409f9ae..fd5039e 100644
--- a/packages/react/src/components/Forms/Select/mono.stories.tsx
+++ b/packages/react/src/components/Forms/Select/mono.stories.tsx
@@ -7,7 +7,10 @@ import { yupResolver } from "@hookform/resolvers/yup";
 import { onSubmit } from ":/components/Forms/Examples/ReactHookForm/reactHookFormUtils";
 import { Select, SelectHandle } from ":/components/Forms/Select";
 import { Button } from ":/components/Button";
-import { RhfSelect } from ":/components/Forms/Select/stories-utils";
+import {
+  getCountryOption,
+  RhfSelect,
+} from ":/components/Forms/Select/stories-utils";
 
 export default {
   title: "Components/Forms/Select/Mono",
@@ -228,6 +231,37 @@ export const NoOptions = {
   },
 };
 
+export const CustomRender = {
+  render: Template,
+  args: {
+    label: "Select a country",
+    showLabelWhenSelected: false,
+    options: [
+      getCountryOption("Germany", "DE"),
+      getCountryOption("France", "FR"),
+      getCountryOption("United States", "US"),
+      getCountryOption("Spain", "ES"),
+      getCountryOption("China", "CN"),
+    ],
+    defaultValue: "france",
+  },
+};
+export const SearchableCustomRender = {
+  render: Template,
+  args: {
+    label: "Select a country",
+    showLabelWhenSelected: false,
+    searchable: true,
+    options: [
+      getCountryOption("Germany", "DE"),
+      getCountryOption("France", "FR"),
+      getCountryOption("United States", "US"),
+      getCountryOption("Spain", "ES"),
+      getCountryOption("China", "CN"),
+    ],
+  },
+};
+
 export const Ref = () => {
   const ref = useRef<SelectHandle>(null);
 
diff --git a/packages/react/src/components/Forms/Select/mono.tsx b/packages/react/src/components/Forms/Select/mono.tsx
index 1128173..f364b81 100644
--- a/packages/react/src/components/Forms/Select/mono.tsx
+++ b/packages/react/src/components/Forms/Select/mono.tsx
@@ -3,13 +3,7 @@ import { UseSelectStateChange } from "downshift";
 import { optionToValue, SubProps } from ":/components/Forms/Select/mono-common";
 import { SelectMonoSearchable } from ":/components/Forms/Select/mono-searchable";
 import { SelectMonoSimple } from ":/components/Forms/Select/mono-simple";
-import { SelectHandle, SelectProps } from ":/components/Forms/Select";
-
-export interface Option {
-  value?: string;
-  label: string;
-  disabled?: boolean;
-}
+import { Option, SelectHandle, SelectProps } from ":/components/Forms/Select";
 
 export const SelectMono = forwardRef<SelectHandle, SelectProps>(
   (props, ref) => {
diff --git a/packages/react/src/components/Forms/Select/stories-utils.tsx b/packages/react/src/components/Forms/Select/stories-utils.tsx
index bda9646..f4c50b2 100644
--- a/packages/react/src/components/Forms/Select/stories-utils.tsx
+++ b/packages/react/src/components/Forms/Select/stories-utils.tsx
@@ -23,3 +23,18 @@ export const RhfSelect = (props: SelectProps & { name: string }) => {
     />
   );
 };
+
+export const getCountryOption = (name: string, code: string) => ({
+  value: name.toLowerCase(),
+  label: name,
+  render: () => (
+    <div style={{ display: "flex", alignItems: "center", gap: "0.75rem" }}>
+      <img
+        style={{ height: "24px" }}
+        src={`https://flagsapi.com/${code}/shiny/64.png`}
+        alt="Flag"
+      />
+      {name}
+    </div>
+  ),
+});
diff --git a/packages/react/src/components/Forms/Select/utils.tsx b/packages/react/src/components/Forms/Select/utils.tsx
new file mode 100644
index 0000000..eb69510
--- /dev/null
+++ b/packages/react/src/components/Forms/Select/utils.tsx
@@ -0,0 +1,24 @@
+import React from "react";
+import { Option, OptionWithRender } from ":/components/Forms/Select";
+
+export const isOptionWithRender = (
+  option: Option,
+): option is OptionWithRender => {
+  return (option as OptionWithRender).render !== undefined;
+};
+
+export const SelectedOption = ({
+  option,
+  showLabelWhenSelected = true,
+}: {
+  option: Option | undefined | null;
+  showLabelWhenSelected?: boolean;
+}) => {
+  if (!option) {
+    return null;
+  }
+  if (isOptionWithRender(option) && !showLabelWhenSelected) {
+    return option.render();
+  }
+  return <span>{option.label}</span>;
+};