diff --git a/package.json b/package.json
index 3c499689eef8..0930b698895d 100644
--- a/package.json
+++ b/package.json
@@ -114,6 +114,7 @@
     "fast-glob": "^3.2.7",
     "fs-extra": "^10.0.0",
     "gray-matter": "^4.0.3",
+    "is-plain-object": "^5.0.0",
     "lint-staged": "^11.0.0",
     "lru-cache": "^6.0.0",
     "markdown-it": "^12.3.2",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 0a2e37026ddd..274bd08c5d33 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -42,6 +42,7 @@ importers:
       fast-glob: ^3.2.7
       fs-extra: ^10.0.0
       gray-matter: ^4.0.3
+      is-plain-object: ^5.0.0
       lint-staged: ^11.0.0
       lru-cache: ^6.0.0
       markdown-it: ^12.3.2
@@ -114,6 +115,7 @@ importers:
       fast-glob: 3.2.7
       fs-extra: 10.0.0
       gray-matter: 4.0.3
+      is-plain-object: 5.0.0
       lint-staged: 11.1.2_supports-color@9.2.2
       lru-cache: 6.0.0
       markdown-it: 12.3.2
@@ -2564,6 +2566,11 @@ packages:
     engines: {node: '>=0.10.0'}
     dev: true
 
+  /is-plain-object/5.0.0:
+    resolution: {integrity: sha512-VRSzKkbMm5jMDoKLbltAkFQ5Qr7VDiTFGXxYFXXowVj387GeGNOCsOH6Msy00SGZ3Fp84b1Naa1psqgcCIEP5Q==}
+    engines: {node: '>=0.10.0'}
+    dev: true
+
   /is-reference/1.2.1:
     resolution: {integrity: sha512-U82MsXXiFIrjCK4otLT+o2NA2Cd2g5MLoOVXUZjIOhLurrRxpEXzI8O0KZHr3IjLvlAH1kTPYSuqer5T9ZVBKQ==}
     dependencies:
diff --git a/src/node/markdownToVue.ts b/src/node/markdownToVue.ts
index eeb567a30dac..7996da34955f 100644
--- a/src/node/markdownToVue.ts
+++ b/src/node/markdownToVue.ts
@@ -9,6 +9,7 @@ import { deeplyParseHeader } from './utils/parseHeader'
 import { getGitTimestamp } from './utils/getGitTimestamp'
 import { createMarkdownRenderer, MarkdownOptions } from './markdown/markdown'
 import _debug from 'debug'
+import { isPlainObject } from 'is-plain-object'
 
 const debug = _debug('vitepress:md')
 const cache = new LRUCache<string, MarkdownCompileResult>({ max: 1024 })
@@ -21,6 +22,22 @@ export interface MarkdownCompileResult {
   includes: string[]
 }
 
+/**
+ * copied from https://github.com/TanStack/query/blob/cca1bbfb9a/src/core/utils.ts
+ */
+export function hashObject(queryKey: any): string {
+  return JSON.stringify(queryKey, (_, val) =>
+    isPlainObject(val)
+      ? Object.keys(val)
+          .sort()
+          .reduce((result, key) => {
+            result[key] = val[key]
+            return result
+          }, {} as any)
+      : val
+  )
+}
+
 export async function createMarkdownToVueRenderFn(
   srcDir: string,
   options: MarkdownOptions = {},
@@ -43,8 +60,9 @@ export async function createMarkdownToVueRenderFn(
   ): Promise<MarkdownCompileResult> => {
     const relativePath = slash(path.relative(srcDir, file))
     const dir = path.dirname(file)
+    const cacheKey = hashObject({ src, file, publicDir })
 
-    const cached = cache.get(src)
+    const cached = cache.get(cacheKey)
     if (cached) {
       debug(`[cache hit] ${relativePath}`)
       return cached
@@ -148,7 +166,8 @@ export async function createMarkdownToVueRenderFn(
       deadLinks,
       includes
     }
-    cache.set(src, result)
+
+    cache.set(cacheKey, result)
     return result
   }
 }