diff --git a/examples/api/README.md b/examples/api/README.md
index 2c1a878295..07574a2b30 100644
--- a/examples/api/README.md
+++ b/examples/api/README.md
@@ -6,7 +6,7 @@ documentation in the framework.
 The examples can be run individually by just specifying the path to the example
 on the command line (or in the run configuration of an IDE).
 
-For example (no pun intended!), to run, the first example from the `Curve2D`
+For example (no pun intended!), to run the first example from the `Curve2D`
 class in Chrome, you would run it like so from the [api](.) directory:
 
 ```
diff --git a/examples/api/lib/foundation/change_notifier/change_notifier.0.dart b/examples/api/lib/foundation/change_notifier/change_notifier.0.dart
new file mode 100644
index 0000000000..2801131833
--- /dev/null
+++ b/examples/api/lib/foundation/change_notifier/change_notifier.0.dart
@@ -0,0 +1,65 @@
+// Copyright 2014 The Flutter Authors. All rights reserved.
+// Use of this source code is governed by a BSD-style license that can be
+// found in the LICENSE file.
+
+// Flutter code sample for ChangeNotifier with an AnimatedBuilder
+
+import 'package:flutter/material.dart';
+
+class CounterBody extends StatelessWidget {
+  const CounterBody({Key? key, required this.counterValueNotifier}) : super(key: key);
+
+  final ValueNotifier<int> counterValueNotifier;
+
+  @override
+  Widget build(BuildContext context) {
+    return Center(
+      child: Column(
+        mainAxisAlignment: MainAxisAlignment.center,
+        children: <Widget>[
+          const Text('Current counter value:'),
+          // Thanks to the [AnimatedBuilder], only the widget displaying the
+          // current count is rebuilt when `counterValueNotifier` notifies its
+          // listeners. The [Text] widget above and [CounterBody] itself aren't
+          // rebuilt.
+          AnimatedBuilder(
+            // [AnimatedBuilder] accepts any [Listenable] subtype.
+            animation: counterValueNotifier,
+            builder: (BuildContext context, Widget? child) {
+              return Text('${counterValueNotifier.value}');
+            },
+          ),
+        ],
+      ),
+    );
+  }
+}
+
+class MyApp extends StatefulWidget {
+  const MyApp({Key? key}) : super(key: key);
+
+  @override
+  State<MyApp> createState() => _MyAppState();
+}
+
+class _MyAppState extends State<MyApp> {
+  final ValueNotifier<int> _counter = ValueNotifier<int>(0);
+
+  @override
+  Widget build(BuildContext context) {
+    return MaterialApp(
+      home: Scaffold(
+        appBar: AppBar(title: const Text('AnimatedBuilder example')),
+        body: CounterBody(counterValueNotifier: _counter),
+        floatingActionButton: FloatingActionButton(
+          onPressed: () => _counter.value++,
+          child: const Icon(Icons.add),
+        ),
+      ),
+    );
+  }
+}
+
+void main() {
+  runApp(const MyApp());
+}
diff --git a/examples/api/test/foundation/change_notifier/change_notifier.0_test.dart b/examples/api/test/foundation/change_notifier/change_notifier.0_test.dart
new file mode 100644
index 0000000000..c7fc76c6cb
--- /dev/null
+++ b/examples/api/test/foundation/change_notifier/change_notifier.0_test.dart
@@ -0,0 +1,33 @@
+// Copyright 2014 The Flutter Authors. All rights reserved.
+// Use of this source code is governed by a BSD-style license that can be
+// found in the LICENSE file.
+
+import 'package:flutter/material.dart';
+import 'package:flutter_api_samples/foundation/change_notifier/change_notifier.0.dart';
+import 'package:flutter_test/flutter_test.dart';
+
+void main() {
+  testWidgets('Smoke test for MyApp', (WidgetTester tester) async {
+    await tester.pumpWidget(const MyApp());
+
+    expect(find.byType(Scaffold), findsOneWidget);
+    expect(find.byType(CounterBody), findsOneWidget);
+    expect(find.byType(FloatingActionButton), findsOneWidget);
+    expect(find.text('Current counter value:'), findsOneWidget);
+  });
+
+  testWidgets('Counter update', (WidgetTester tester) async {
+    await tester.pumpWidget(const MyApp());
+
+    // Initial state of the counter
+    expect(find.text('0'), findsOneWidget);
+
+    // Tapping the increase button
+    await tester.tap(find.byType(FloatingActionButton));
+    await tester.pumpAndSettle();
+
+    // Counter should be at 1
+    expect(find.text('1'), findsOneWidget);
+    expect(find.text('0'), findsNothing);
+  });
+}
diff --git a/packages/flutter/lib/src/foundation/change_notifier.dart b/packages/flutter/lib/src/foundation/change_notifier.dart
index d3b521f7d3..a9e20eda14 100644
--- a/packages/flutter/lib/src/foundation/change_notifier.dart
+++ b/packages/flutter/lib/src/foundation/change_notifier.dart
@@ -98,6 +98,8 @@ abstract class ValueListenable<T> extends Listenable {
 /// It is O(1) for adding listeners and O(N) for removing listeners and dispatching
 /// notifications (where N is the number of listeners).
 ///
+/// {@macro flutter.flutter.animatedbuilder_changenotifier.rebuild}
+///
 /// See also:
 ///
 ///  * [ValueNotifier], which is a [ChangeNotifier] that wraps a single value.
diff --git a/packages/flutter/lib/src/widgets/transitions.dart b/packages/flutter/lib/src/widgets/transitions.dart
index 75742a191c..eba5269118 100644
--- a/packages/flutter/lib/src/widgets/transitions.dart
+++ b/packages/flutter/lib/src/widgets/transitions.dart
@@ -979,7 +979,7 @@ class DefaultTextStyleTransition extends AnimatedWidget {
 /// rebuilding it on every animation tick.
 ///
 /// If you pass the pre-built subtree as the [child] parameter, the
-/// AnimatedBuilder will pass it back to your builder function so that you
+/// [AnimatedBuilder] will pass it back to your builder function so that you
 /// can incorporate it into your build.
 ///
 /// Using this pre-built child is entirely optional, but can improve
@@ -993,6 +993,25 @@ class DefaultTextStyleTransition extends AnimatedWidget {
 /// ** See code in examples/api/lib/widgets/transitions/animated_builder.0.dart **
 /// {@end-tool}
 ///
+/// {@template flutter.flutter.animatedbuilder_changenotifier.rebuild}
+/// ## Improve rebuilds performance using AnimatedBuilder
+///
+/// Despite the name, [AnimatedBuilder] is not limited to [Animation]s. Any subtype
+/// of [Listenable] (such as [ChangeNotifier] and [ValueNotifier]) can be used with
+/// an [AnimatedBuilder] to rebuild only certain parts of a widget when the
+/// [Listenable] notifies its listeners. This technique is a performance improvement
+/// that allows rebuilding only specific widgets leaving others untouched.
+///
+/// {@tool dartpad}
+/// The following example implements a simple counter that utilizes an
+/// [AnimatedBuilder] to limit rebuilds to only the [Text] widget. The current count
+/// is stored in a [ValueNotifier], which rebuilds the [AnimatedBuilder]'s contents
+/// when its value is changed.
+///
+/// ** See code in examples/api/lib/foundation/change_notifier/change_notifier.0.dart **
+/// {@end-tool}
+/// {@endtemplate}
+///
 /// See also:
 ///
 ///  * [TweenAnimationBuilder], which animates a property to a target value