diff --git a/Makefile.pre.in b/Makefile.pre.in
index 077c248a847308a..37ca7282a6b88f7 100644
--- a/Makefile.pre.in
+++ b/Makefile.pre.in
@@ -655,7 +655,7 @@ libpython3.so:	libpython$(LDVERSION).so
 	$(BLDSHARED) $(NO_AS_NEEDED) -o $@ -Wl,-h$@ $^
 
 libpython$(LDVERSION).dylib: $(LIBRARY_OBJS)
-	 $(CC) -dynamiclib $(PY_CORE_LDFLAGS) -undefined dynamic_lookup -Wl,-install_name,$(PYTHONFRAMEWORKINSTALLNAMEPREFIX)/lib/libpython$(LDVERSION).dylib -Wl,-compatibility_version,$(VERSION) -Wl,-current_version,$(VERSION) -o $@ $(LIBRARY_OBJS) $(DTRACE_OBJS) $(SHLIBS) $(LIBC) $(LIBM); \
+	 $(CC) -dynamiclib $(PY_CORE_LDFLAGS) -undefined dynamic_lookup -Wl,-install_name,$(prefix)/lib/libpython$(LDVERSION).dylib -Wl,-compatibility_version,$(VERSION) -Wl,-current_version,$(VERSION) -o $@ $(LIBRARY_OBJS) $(DTRACE_OBJS) $(SHLIBS) $(LIBC) $(LIBM); \
 
 
 libpython$(VERSION).sl: $(LIBRARY_OBJS)
diff --git a/Misc/NEWS.d/next/Build/2024-02-21-11-58-30.gh-issue-115737.dpNl2T.rst b/Misc/NEWS.d/next/Build/2024-02-21-11-58-30.gh-issue-115737.dpNl2T.rst
new file mode 100644
index 000000000000000..112f65258dd84b0
--- /dev/null
+++ b/Misc/NEWS.d/next/Build/2024-02-21-11-58-30.gh-issue-115737.dpNl2T.rst
@@ -0,0 +1,2 @@
+The install name for libPython is now correctly set for non-framework macOS
+builds.