diff --git a/crates/bevy_render/src/mesh/allocator.rs b/crates/bevy_render/src/mesh/allocator.rs
index 3653fc1e87..c3a0139216 100644
--- a/crates/bevy_render/src/mesh/allocator.rs
+++ b/crates/bevy_render/src/mesh/allocator.rs
@@ -358,7 +358,10 @@ pub fn allocate_and_free_meshes(
     render_device: Res<RenderDevice>,
     render_queue: Res<RenderQueue>,
 ) {
-    // Process newly-added meshes.
+    // Process removed or modified meshes.
+    mesh_allocator.free_meshes(&extracted_meshes);
+
+    // Process newly-added or modified meshes.
     mesh_allocator.allocate_meshes(
         &mesh_allocator_settings,
         &extracted_meshes,
@@ -366,9 +369,6 @@ pub fn allocate_and_free_meshes(
         &render_device,
         &render_queue,
     );
-
-    // Process removed meshes.
-    mesh_allocator.free_meshes(&extracted_meshes);
 }
 
 impl MeshAllocator {
@@ -607,9 +607,17 @@ impl MeshAllocator {
         }
     }
 
+    /// Frees allocations for meshes that were removed or modified this frame.
     fn free_meshes(&mut self, extracted_meshes: &ExtractedAssets<RenderMesh>) {
         let mut empty_slabs = <HashSet<_>>::default();
-        for mesh_id in &extracted_meshes.removed {
+
+        // TODO: Consider explicitly reusing allocations for changed meshes of the same size
+        let meshes_to_free = extracted_meshes
+            .removed
+            .iter()
+            .chain(extracted_meshes.modified.iter());
+
+        for mesh_id in meshes_to_free {
             if let Some(slab_id) = self.mesh_id_to_vertex_slab.remove(mesh_id) {
                 self.free_allocation_in_slab(mesh_id, slab_id, &mut empty_slabs);
             }
diff --git a/crates/bevy_render/src/render_asset.rs b/crates/bevy_render/src/render_asset.rs
index acc299b3d7..66f0b2b23c 100644
--- a/crates/bevy_render/src/render_asset.rs
+++ b/crates/bevy_render/src/render_asset.rs
@@ -151,14 +151,19 @@ impl<A: RenderAsset> RenderAssetDependency for A {
 #[derive(Resource)]
 pub struct ExtractedAssets<A: RenderAsset> {
     /// The assets extracted this frame.
+    ///
+    /// These are assets that were either added or modified this frame.
     pub extracted: Vec<(AssetId<A::SourceAsset>, A::SourceAsset)>,
 
-    /// IDs of the assets removed this frame.
+    /// IDs of the assets that were removed this frame.
     ///
     /// These assets will not be present in [`ExtractedAssets::extracted`].
     pub removed: HashSet<AssetId<A::SourceAsset>>,
 
-    /// IDs of the assets added this frame.
+    /// IDs of the assets that were modified this frame.
+    pub modified: HashSet<AssetId<A::SourceAsset>>,
+
+    /// IDs of the assets that were added this frame.
     pub added: HashSet<AssetId<A::SourceAsset>>,
 }
 
@@ -167,6 +172,7 @@ impl<A: RenderAsset> Default for ExtractedAssets<A> {
         Self {
             extracted: Default::default(),
             removed: Default::default(),
+            modified: Default::default(),
             added: Default::default(),
         }
     }
@@ -235,8 +241,9 @@ pub(crate) fn extract_render_asset<A: RenderAsset>(
         |world, mut cached_state: Mut<CachedExtractRenderAssetSystemState<A>>| {
             let (mut events, mut assets) = cached_state.state.get_mut(world);
 
-            let mut changed_assets = <HashSet<_>>::default();
+            let mut needs_extracting = <HashSet<_>>::default();
             let mut removed = <HashSet<_>>::default();
+            let mut modified = <HashSet<_>>::default();
 
             for event in events.read() {
                 #[expect(
@@ -244,12 +251,20 @@ pub(crate) fn extract_render_asset<A: RenderAsset>(
                     reason = "LoadedWithDependencies is marked as a TODO, so it's likely this will no longer lint soon."
                 )]
                 match event {
-                    AssetEvent::Added { id } | AssetEvent::Modified { id } => {
-                        changed_assets.insert(*id);
+                    AssetEvent::Added { id } => {
+                        needs_extracting.insert(*id);
+                    }
+                    AssetEvent::Modified { id } => {
+                        needs_extracting.insert(*id);
+                        modified.insert(*id);
+                    }
+                    AssetEvent::Removed { .. } => {
+                        // We don't care that the asset was removed from Assets<T> in the main world.
+                        // An asset is only removed from RenderAssets<T> when its last handle is dropped (AssetEvent::Unused).
                     }
-                    AssetEvent::Removed { .. } => {}
                     AssetEvent::Unused { id } => {
-                        changed_assets.remove(id);
+                        needs_extracting.remove(id);
+                        modified.remove(id);
                         removed.insert(*id);
                     }
                     AssetEvent::LoadedWithDependencies { .. } => {
@@ -260,7 +275,7 @@ pub(crate) fn extract_render_asset<A: RenderAsset>(
 
             let mut extracted_assets = Vec::new();
             let mut added = <HashSet<_>>::default();
-            for id in changed_assets.drain() {
+            for id in needs_extracting.drain() {
                 if let Some(asset) = assets.get(id) {
                     let asset_usage = A::asset_usage(asset);
                     if asset_usage.contains(RenderAssetUsages::RENDER_WORLD) {
@@ -280,6 +295,7 @@ pub(crate) fn extract_render_asset<A: RenderAsset>(
             commands.insert_resource(ExtractedAssets::<A> {
                 extracted: extracted_assets,
                 removed,
+                modified,
                 added,
             });
             cached_state.state.apply(world);