diff --git a/common/Vulkan/Context.cpp b/common/Vulkan/Context.cpp
index 2e2279819a..49c2706a28 100644
--- a/common/Vulkan/Context.cpp
+++ b/common/Vulkan/Context.cpp
@@ -1268,6 +1268,8 @@ namespace Vulkan
 			1, present_swap_chain->GetSwapChainPtr(), present_swap_chain->GetCurrentImageIndexPtr(),
 			nullptr};
 
+		present_swap_chain->ReleaseCurrentImage();
+
 		VkResult res = vkQueuePresentKHR(m_present_queue, &present_info);
 		if (res != VK_SUCCESS)
 		{
@@ -1276,7 +1278,13 @@ namespace Vulkan
 				LOG_VULKAN_ERROR(res, "vkQueuePresentKHR failed: ");
 
 			m_last_present_failed.store(true);
+			return;
 		}
+
+		// Grab the next image as soon as possible, that way we spend less time blocked on the next
+		// submission. Don't care if it fails, we'll deal with that at the presentation call site.
+		// Credit to dxvk for the idea.
+		present_swap_chain->AcquireNextImage();
 	}
 
 	void Context::WaitForPresentComplete()
diff --git a/common/Vulkan/SwapChain.cpp b/common/Vulkan/SwapChain.cpp
index b1677a910c..8e1bac2890 100644
--- a/common/Vulkan/SwapChain.cpp
+++ b/common/Vulkan/SwapChain.cpp
@@ -690,6 +690,7 @@ namespace Vulkan
 			vkDestroyFramebuffer(g_vulkan_context->GetDevice(), it.framebuffer, nullptr);
 		}
 		m_images.clear();
+		m_image_acquire_result.reset();
 	}
 
 	void SwapChain::DestroySwapChain()
@@ -705,6 +706,9 @@ namespace Vulkan
 
 	VkResult SwapChain::AcquireNextImage()
 	{
+		if (m_image_acquire_result.has_value())
+			return m_image_acquire_result.value();
+
 		if (!m_swap_chain)
 			return VK_ERROR_SURFACE_LOST_KHR;
 
@@ -723,9 +727,15 @@ namespace Vulkan
 			}
 		}
 
+		m_image_acquire_result = res;
 		return res;
 	}
 
+	void SwapChain::ReleaseCurrentImage()
+	{
+		m_image_acquire_result.reset();
+	}
+
 	bool SwapChain::ResizeSwapChain(u32 new_width, u32 new_height, float new_scale)
 	{
 		DestroySwapChainImages();
diff --git a/common/Vulkan/SwapChain.h b/common/Vulkan/SwapChain.h
index 73834bddad..9172eb2a0f 100644
--- a/common/Vulkan/SwapChain.h
+++ b/common/Vulkan/SwapChain.h
@@ -20,6 +20,7 @@
 #include "common/Vulkan/Texture.h"
 #include "common/Vulkan/Loader.h"
 #include <memory>
+#include <optional>
 #include <vector>
 
 namespace Vulkan
@@ -74,6 +75,7 @@ namespace Vulkan
 		__fi VkSemaphore GetRenderingFinishedSemaphore() const { return m_images[m_current_image].rendering_finished_semaphore; }
 		__fi const VkSemaphore* GetRenderingFinishedSemaphorePtr() const { return &m_images[m_current_image].rendering_finished_semaphore; }
 		VkResult AcquireNextImage();
+		void ReleaseCurrentImage();
 
 		bool RecreateSurface(const WindowInfo& new_wi);
 		bool ResizeSwapChain(u32 new_width = 0, u32 new_height = 0, float new_scale = 1.0f);
@@ -122,5 +124,6 @@ namespace Vulkan
 		VkSwapchainKHR m_swap_chain = VK_NULL_HANDLE;
 		std::vector<SwapChainImage> m_images;
 		u32 m_current_image = 0;
+		std::optional<VkResult> m_image_acquire_result;
 	};
 } // namespace Vulkan
diff --git a/pcsx2/Frontend/VulkanHostDisplay.cpp b/pcsx2/Frontend/VulkanHostDisplay.cpp
index 8dbeee7785..3e92e42dd4 100644
--- a/pcsx2/Frontend/VulkanHostDisplay.cpp
+++ b/pcsx2/Frontend/VulkanHostDisplay.cpp
@@ -353,6 +353,8 @@ bool VulkanHostDisplay::BeginPresent(bool frame_skip)
 	VkResult res = m_swap_chain->AcquireNextImage();
 	if (res != VK_SUCCESS)
 	{
+		m_swap_chain->ReleaseCurrentImage();
+
 		if (res == VK_SUBOPTIMAL_KHR || res == VK_ERROR_OUT_OF_DATE_KHR)
 		{
 			ResizeWindow(0, 0, m_window_info.surface_scale);