diff --git a/packages/preferences/src/browser/views/components/preference-markdown-renderer.ts b/packages/preferences/src/browser/views/components/preference-markdown-renderer.ts
new file mode 100644
index 0000000000000..231524e99a504
--- /dev/null
+++ b/packages/preferences/src/browser/views/components/preference-markdown-renderer.ts
@@ -0,0 +1,68 @@
+// *****************************************************************************
+// Copyright (C) 2023 TypeFox and others.
+//
+// This program and the accompanying materials are made available under the
+// terms of the Eclipse Public License v. 2.0 which is available at
+// http://www.eclipse.org/legal/epl-2.0.
+//
+// This Source Code may also be made available under the following Secondary
+// Licenses when the conditions for such availability set forth in the Eclipse
+// Public License v. 2.0 are satisfied: GNU General Public License, version 2
+// with the GNU Classpath Exception which is available at
+// https://www.gnu.org/software/classpath/license.html.
+//
+// SPDX-License-Identifier: EPL-2.0 OR GPL-2.0-only WITH Classpath-exception-2.0
+// *****************************************************************************
+
+import { inject, injectable } from '@theia/core/shared/inversify';
+import { PreferenceTreeModel } from '../../preference-tree-model';
+import { PreferenceTreeLabelProvider } from '../../util/preference-tree-label-provider';
+import * as markdownit from '@theia/core/shared/markdown-it';
+
+@injectable()
+export class PreferenceMarkdownRenderer {
+
+    @inject(PreferenceTreeModel) protected readonly model: PreferenceTreeModel;
+    @inject(PreferenceTreeLabelProvider) protected readonly labelProvider: PreferenceTreeLabelProvider;
+
+    protected _renderer?: markdownit;
+
+    render(text: string): string {
+        return this.getRenderer().render(text);
+    }
+
+    renderInline(text: string): string {
+        return this.getRenderer().renderInline(text);
+    }
+
+    protected getRenderer(): markdownit {
+        this._renderer ??= this.buildMarkdownRenderer();
+        return this._renderer;
+    }
+
+    protected buildMarkdownRenderer(): markdownit {
+        const engine = markdownit();
+        const inlineCode = engine.renderer.rules.code_inline;
+
+        engine.renderer.rules.code_inline = (tokens, idx, options, env, self) => {
+            const token = tokens[idx];
+            const content = token.content;
+            if (content.startsWith('#') && content.endsWith('#')) {
+                const preferenceId = content.substring(1, content.length - 1);
+                const preferenceNode = this.model.getNodeFromPreferenceId(preferenceId);
+                if (preferenceNode) {
+                    let name = this.labelProvider.getName(preferenceNode);
+                    const prefix = this.labelProvider.getPrefix(preferenceNode, true);
+                    if (prefix) {
+                        name = prefix + name;
+                    }
+                    return `<a title="${preferenceId}" href="preference:${preferenceId}">${name}</a>`;
+                } else {
+                    console.warn(`Linked preference "${preferenceId}" not found.`);
+                }
+            }
+            return inlineCode ? inlineCode(tokens, idx, options, env, self) : '';
+        };
+        return engine;
+    }
+}
diff --git a/packages/preferences/src/browser/views/components/preference-node-renderer.ts b/packages/preferences/src/browser/views/components/preference-node-renderer.ts
index b034b8a477955..35fff31db55ef 100644
--- a/packages/preferences/src/browser/views/components/preference-node-renderer.ts
+++ b/packages/preferences/src/browser/views/components/preference-node-renderer.ts
@@ -27,9 +27,9 @@ import { JSONValue } from '@theia/core/shared/@phosphor/coreutils';
 import debounce = require('@theia/core/shared/lodash.debounce');
 import { PreferenceTreeModel } from '../../preference-tree-model';
 import { PreferencesSearchbarWidget } from '../preference-searchbar-widget';
-import * as markdownit from '@theia/core/shared/markdown-it';
 import * as DOMPurify from '@theia/core/shared/dompurify';
 import URI from '@theia/core/lib/common/uri';
+import { PreferenceMarkdownRenderer } from './preference-markdown-renderer';
 
 export const PreferenceNodeRendererFactory = Symbol('PreferenceNodeRendererFactory');
 export type PreferenceNodeRendererFactory = (node: Preference.TreeNode) => PreferenceNodeRenderer;
@@ -163,13 +163,13 @@ export abstract class PreferenceLeafNodeRenderer<ValueType extends JSONValue, In
     @inject(PreferenceTreeModel) protected readonly model: PreferenceTreeModel;
     @inject(PreferencesSearchbarWidget) protected readonly searchbar: PreferencesSearchbarWidget;
     @inject(OpenerService) protected readonly openerService: OpenerService;
+    @inject(PreferenceMarkdownRenderer) protected readonly markdownRenderer: PreferenceMarkdownRenderer;
 
     protected headlineWrapper: HTMLDivElement;
     protected gutter: HTMLDivElement;
     protected interactable: InteractableType;
     protected inspection: PreferenceInspection<ValueType> | undefined;
     protected isModifiedFromDefault = false;
-    protected markdownRenderer: markdownit;
 
     get schema(): PreferenceDataProperty {
         return this.preferenceNode.preference.data;
@@ -179,7 +179,6 @@ export abstract class PreferenceLeafNodeRenderer<ValueType extends JSONValue, In
     protected override init(): void {
         this.setId();
         this.updateInspection();
-        this.markdownRenderer = this.buildMarkdownRenderer();
         this.domNode = this.createDomNode();
         this.updateModificationStatus();
     }
@@ -188,32 +187,6 @@ export abstract class PreferenceLeafNodeRenderer<ValueType extends JSONValue, In
         this.inspection = this.preferenceService.inspect<ValueType>(this.id, this.scopeTracker.currentScope.uri);
     }
 
-    protected buildMarkdownRenderer(): markdownit {
-        const engine = markdownit();
-        const inlineCode = engine.renderer.rules.code_inline;
-
-        engine.renderer.rules.code_inline = (tokens, idx, options, env, self) => {
-            const token = tokens[idx];
-            const content = token.content;
-            if (content.startsWith('#') && content.endsWith('#')) {
-                const preferenceId = content.substring(1, content.length - 1);
-                const preferenceNode = this.model.getNodeFromPreferenceId(preferenceId);
-                if (preferenceNode) {
-                    let name = this.labelProvider.getName(preferenceNode);
-                    const prefix = this.labelProvider.getPrefix(preferenceNode, true);
-                    if (prefix) {
-                        name = prefix + name;
-                    }
-                    return `<a title="${preferenceId}" href="preference:${preferenceId}">${name}</a>`;
-                } else {
-                    console.warn(`Linked preference "${preferenceId}" not found. Source: "${this.preferenceNode.preferenceId}"`);
-                }
-            }
-            return inlineCode ? inlineCode(tokens, idx, options, env, self) : '';
-        };
-        return engine;
-    }
-
     protected openLink(event: MouseEvent): void {
         if (event.target instanceof HTMLAnchorElement) {
             event.preventDefault();
diff --git a/packages/preferences/src/browser/views/preference-widget-bindings.ts b/packages/preferences/src/browser/views/preference-widget-bindings.ts
index a2369163124e4..926893f74ad96 100644
--- a/packages/preferences/src/browser/views/preference-widget-bindings.ts
+++ b/packages/preferences/src/browser/views/preference-widget-bindings.ts
@@ -30,6 +30,7 @@ import {
 import { PreferenceNumberInputRenderer, PreferenceNumberInputRendererContribution } from './components/preference-number-input';
 import { PreferenceSelectInputRenderer, PreferenceSelectInputRendererContribution } from './components/preference-select-input';
 import { PreferenceStringInputRenderer, PreferenceStringInputRendererContribution } from './components/preference-string-input';
+import { PreferenceMarkdownRenderer } from './components/preference-markdown-renderer';
 import { PreferencesEditorWidget } from './preference-editor-widget';
 import { PreferencesScopeTabBar } from './preference-scope-tabbar-widget';
 import { PreferencesSearchbarWidget } from './preference-searchbar-widget';
@@ -95,5 +96,7 @@ export function createPreferencesWidgetContainer(parent: interfaces.Container):
         return creator.createRenderer(node, container);
     });
 
+    child.bind(PreferenceMarkdownRenderer).toSelf().inSingletonScope();
+
     return child;
 }