diff --git a/src/View.php b/src/View.php
index 511f406a..564f7af8 100644
--- a/src/View.php
+++ b/src/View.php
@@ -184,6 +184,10 @@ public function render(Model $model)
         $event->setRenderer($renderer);
         $results = $events->trigger(ViewEvent::EVENT_RENDERER_POST, $event);
 
+        // If EVENT_RENDERER or EVENT_RENDERER_POST changed the model, make sure
+        // we use this new model instead of the current $model
+        $model   = $event->getModel();
+
         // If we have children, render them first, but only if:
         // a) the renderer does not implement TreeRendererInterface, or
         // b) it does, but canRenderTrees() returns false
diff --git a/test/ViewTest.php b/test/ViewTest.php
index a2c9299a..5ddf398f 100644
--- a/test/ViewTest.php
+++ b/test/ViewTest.php
@@ -22,6 +22,7 @@
 use Zend\View\Resolver;
 use Zend\View\Variables as ViewVariables;
 use Zend\View\View;
+use Zend\View\ViewEvent;
 
 class ViewTest extends TestCase
 {
@@ -306,4 +307,31 @@ public function testCanTriggerPostRendererEvent()
         $this->view->render($this->model);
         $this->assertTrue($test->flag);
     }
+
+    /**
+     * Test the view model can be swapped out
+     *
+     * @see https://github.com/zendframework/zf2/pull/4164
+     */
+    public function testModelFromEventIsUsedByRenderer()
+    {
+        $renderer = $this->getMock('Zend\View\Renderer\PhpRenderer', array('render'));
+
+        $model1 = new ViewModel;
+        $model2 = new ViewModel;
+
+        $this->view->addRenderingStrategy(function ($e) use ($renderer) {
+            return $renderer;
+        });
+
+        $this->view->getEventManager(ViewEvent::EVENT_RENDERER_POST, function($e) use ($model2) {
+            $e->setModel($model2);
+        });
+
+        $renderer->expects($this->once())
+                 ->method('render')
+                 ->with($model2);
+
+        $this->view->render($model1);
+    }
 }