diff --git a/README.md b/README.md
index 72f67a8..47c3d21 100644
--- a/README.md
+++ b/README.md
@@ -73,6 +73,7 @@ rt.setup({
   -- Commands:
   -- RustEnableInlayHints
   -- RustDisableInlayHints
+  -- RustToggleInlayHints
   -- RustSetInlayHints
   -- RustUnsetInlayHints
 
@@ -85,6 +86,8 @@ rt.setup({
   require('rust-tools').inlay_hints.enable()
   -- Disable inlay hints auto update and unset them for all buffers
   require('rust-tools').inlay_hints.disable()
+  -- Toggle between enabled and disabled inlay hints states for all buffer
+  require('rust-tools').inlay_hints.toggle()
   ```
 </details>
 
diff --git a/lua/rust-tools/init.lua b/lua/rust-tools/init.lua
index ca07557..cbfe05e 100644
--- a/lua/rust-tools/init.lua
+++ b/lua/rust-tools/init.lua
@@ -11,6 +11,7 @@ local M = {
   inlay_hints = {
     enable = nil,
     disable = nil,
+    toggle = nil,
     set = nil,
     unset = nil,
     cache = nil,
@@ -82,6 +83,9 @@ function M.setup(opts)
     render = function()
       inlay.render(hints)
     end,
+    toggle = function()
+      inlay.toggle(hints)
+    end,
   }
 
   local join_lines = require("rust-tools.join_lines")
diff --git a/lua/rust-tools/inlay_hints.lua b/lua/rust-tools/inlay_hints.lua
index 0df31a1..bf73565 100644
--- a/lua/rust-tools/inlay_hints.lua
+++ b/lua/rust-tools/inlay_hints.lua
@@ -16,7 +16,7 @@ end
 
 -- Disable hints and clear all cached buffers
 function M.disable(self)
-  self.disable = false
+  self.enabled = false
   M.disable_cache_autocmd()
 
   for k, _ in pairs(self.cache) do
@@ -39,9 +39,13 @@ function M.enable(self)
   set_all(self)
 end
 
--- Set inlay hints only for the current buffer
-function M.set(self)
-  M.cache_render(self, 0)
+-- Toggles inlay hints state globally. Uses disable and enable internally
+function M.toggle(self)
+  if self.enabled then
+    M.disable(self)
+  else
+    M.enable(self)
+  end
 end
 
 -- Clear hints only for the current buffer
diff --git a/lua/rust-tools/lsp.lua b/lua/rust-tools/lsp.lua
index 3288eeb..a2f2cdd 100644
--- a/lua/rust-tools/lsp.lua
+++ b/lua/rust-tools/lsp.lua
@@ -52,6 +52,9 @@ local function setup_commands()
     RustDisableInlayHints = {
       rt.inlay_hints.disable,
     },
+    RustToggleInlayHints = {
+      rt.inlay_hints.toggle,
+    },
     RustLastDebug = {
       rt.cached_commands.execute_last_debuggable,
     },