diff --git a/pcsx2/GS/Renderers/Metal/GSDeviceMTL.h b/pcsx2/GS/Renderers/Metal/GSDeviceMTL.h
index 97e5bead2b708..74b9897fae88b 100644
--- a/pcsx2/GS/Renderers/Metal/GSDeviceMTL.h
+++ b/pcsx2/GS/Renderers/Metal/GSDeviceMTL.h
@@ -321,6 +321,24 @@ class GSDeviceMTL final : public GSDevice
 	std::vector<DebugEntry> m_debug_entries;
 	u32 m_debug_group_level = 0;
 
+	enum class TextureLabel
+	{
+		ColorRT,
+		HDRRT,
+		U16RT,
+		U32RT,
+		DepthStencil,
+		PrimIDTexture,
+		RWTexture,
+		Unorm8Texture,
+		Texture,
+		ReplacementTexture,
+		Other,
+		Last = Other,
+	};
+	u32 m_texture_counts[static_cast<u32>(TextureLabel::Last) + 1] = {};
+	u32 m_dl_texture_count = 0;
+
 	GSDeviceMTL();
 	~GSDeviceMTL() override;
 
diff --git a/pcsx2/GS/Renderers/Metal/GSDeviceMTL.mm b/pcsx2/GS/Renderers/Metal/GSDeviceMTL.mm
index 15c5211a966fc..fe1139485aedd 100644
--- a/pcsx2/GS/Renderers/Metal/GSDeviceMTL.mm
+++ b/pcsx2/GS/Renderers/Metal/GSDeviceMTL.mm
@@ -500,6 +500,74 @@ static constexpr MTLPixelFormat ConvertPixelFormat(GSTexture::Format format)
 	}
 }
 
+static GSDeviceMTL::TextureLabel GetTextureLabel(GSTexture::Type type, GSTexture::Format format)
+{
+	switch (type)
+	{
+		case GSTexture::Type::RenderTarget:
+			switch (format)
+			{
+				case GSTexture::Format::Color:    return GSDeviceMTL::TextureLabel::ColorRT;
+				case GSTexture::Format::HDRColor: return GSDeviceMTL::TextureLabel::HDRRT;
+				case GSTexture::Format::UInt16:   return GSDeviceMTL::TextureLabel::U16RT;
+				case GSTexture::Format::UInt32:   return GSDeviceMTL::TextureLabel::U32RT;
+				case GSTexture::Format::PrimID:   return GSDeviceMTL::TextureLabel::PrimIDTexture;
+				case GSTexture::Format::Invalid:
+				case GSTexture::Format::DepthStencil:
+				case GSTexture::Format::UNorm8:
+				case GSTexture::Format::BC1:
+				case GSTexture::Format::BC2:
+				case GSTexture::Format::BC3:
+				case GSTexture::Format::BC7:
+					return GSDeviceMTL::TextureLabel::Other;
+			}
+		case GSTexture::Type::Texture:
+			switch (format)
+			{
+				case GSTexture::Format::Color:
+					return GSDeviceMTL::TextureLabel::Texture;
+				case GSTexture::Format::UNorm8:
+					return GSDeviceMTL::TextureLabel::Unorm8Texture;
+				case GSTexture::Format::BC1:
+				case GSTexture::Format::BC2:
+				case GSTexture::Format::BC3:
+				case GSTexture::Format::BC7:
+					return GSDeviceMTL::TextureLabel::ReplacementTexture;
+				case GSTexture::Format::Invalid:
+				case GSTexture::Format::HDRColor:
+				case GSTexture::Format::DepthStencil:
+				case GSTexture::Format::UInt16:
+				case GSTexture::Format::UInt32:
+				case GSTexture::Format::PrimID:
+					return GSDeviceMTL::TextureLabel::Other;
+			}
+		case GSTexture::Type::DepthStencil:
+			return GSDeviceMTL::TextureLabel::DepthStencil;
+		case GSTexture::Type::RWTexture:
+			return GSDeviceMTL::TextureLabel::RWTexture;
+		case GSTexture::Type::Invalid:
+			return GSDeviceMTL::TextureLabel::Other;
+	}
+}
+
+static const char* TextureLabelString(GSDeviceMTL::TextureLabel label)
+{
+	switch (label)
+	{
+		case GSDeviceMTL::TextureLabel::ColorRT:            return "Color RT";
+		case GSDeviceMTL::TextureLabel::HDRRT:              return "HDR RT";
+		case GSDeviceMTL::TextureLabel::U16RT:              return "U16 RT";
+		case GSDeviceMTL::TextureLabel::U32RT:              return "U32 RT";
+		case GSDeviceMTL::TextureLabel::DepthStencil:       return "Depth Stencil";
+		case GSDeviceMTL::TextureLabel::PrimIDTexture:      return "PrimID";
+		case GSDeviceMTL::TextureLabel::RWTexture:          return "RW Texture";
+		case GSDeviceMTL::TextureLabel::Unorm8Texture:      return "Unorm8 Texture";
+		case GSDeviceMTL::TextureLabel::Texture:            return "Texture";
+		case GSDeviceMTL::TextureLabel::ReplacementTexture: return "Replacement Texture";
+		case GSDeviceMTL::TextureLabel::Other:              return "Unknown Texture";
+	}
+}
+
 GSTexture* GSDeviceMTL::CreateSurface(GSTexture::Type type, int width, int height, int levels, GSTexture::Format format)
 { @autoreleasepool {
 	MTLPixelFormat fmt = ConvertPixelFormat(format);
@@ -536,6 +604,8 @@ static constexpr MTLPixelFormat ConvertPixelFormat(GSTexture::Format format)
 	MRCOwned<id<MTLTexture>> tex = MRCTransfer([m_dev.dev newTextureWithDescriptor:desc]);
 	if (tex)
 	{
+		TextureLabel label = GetTextureLabel(type, format);
+		[tex setLabel:[NSString stringWithFormat:@"%s %d", TextureLabelString(label), m_texture_counts[static_cast<u32>(label)]++]];
 		GSTextureMTL* t = new GSTextureMTL(this, tex, type, format);
 		switch (type)
 		{
diff --git a/pcsx2/GS/Renderers/Metal/GSTextureMTL.mm b/pcsx2/GS/Renderers/Metal/GSTextureMTL.mm
index 89c56e08e621e..f4fc5b4d98f02 100644
--- a/pcsx2/GS/Renderers/Metal/GSTextureMTL.mm
+++ b/pcsx2/GS/Renderers/Metal/GSTextureMTL.mm
@@ -152,7 +152,7 @@
 GSDownloadTextureMTL::~GSDownloadTextureMTL() = default;
 
 std::unique_ptr<GSDownloadTextureMTL> GSDownloadTextureMTL::Create(GSDeviceMTL* dev, u32 width, u32 height, GSTexture::Format format)
-{
+{ @autoreleasepool {
 	const u32 buffer_size = GetBufferSize(width, height, format, PITCH_ALIGNMENT);
 
 	MRCOwned<id<MTLBuffer>> buffer = MRCTransfer([dev->m_dev.dev newBufferWithLength:buffer_size options:MTLResourceStorageModeShared]);
@@ -162,8 +162,9 @@
 		return {};
 	}
 
+	[buffer setLabel:[NSString stringWithFormat:@"Download Texture %d", dev->m_dl_texture_count++]];
 	return std::unique_ptr<GSDownloadTextureMTL>(new GSDownloadTextureMTL(dev, buffer, width, height, format));
-}
+}}
 
 void GSDownloadTextureMTL::CopyFromTexture(
 	const GSVector4i& drc, GSTexture* stex, const GSVector4i& src, u32 src_level, bool use_transfer_pitch)