diff --git a/res/css/_components.pcss b/res/css/_components.pcss
index e7f94c3ad7..b12ada477f 100644
--- a/res/css/_components.pcss
+++ b/res/css/_components.pcss
@@ -16,6 +16,7 @@
 @import "./components/views/beacon/_RoomLiveShareWarning.pcss";
 @import "./components/views/beacon/_ShareLatestLocation.pcss";
 @import "./components/views/beacon/_StyledLiveBeaconIcon.pcss";
+@import "./components/views/elements/_FilterDropdown.pcss";
 @import "./components/views/location/_EnableLiveShare.pcss";
 @import "./components/views/location/_LiveDurationDropdown.pcss";
 @import "./components/views/location/_LocationShareMenu.pcss";
diff --git a/res/css/components/views/elements/_FilterDropdown.pcss b/res/css/components/views/elements/_FilterDropdown.pcss
new file mode 100644
index 0000000000..98808a8b1a
--- /dev/null
+++ b/res/css/components/views/elements/_FilterDropdown.pcss
@@ -0,0 +1,77 @@
+/*
+Copyright 2022 The Matrix.org Foundation C.I.C.
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
+*/
+
+.mx_FilterDropdown {
+    .mx_Dropdown_menu {
+        margin-top: $spacing-4;
+        left: unset;
+        right: -$spacing-12;
+        width: 232px;
+
+        border: 1px solid $quinary-content;
+        border-radius: 8px;
+        box-shadow: 0px 1px 3px rgba(23, 25, 28, 0.05);
+
+        .mx_Dropdown_option_highlight {
+            background-color: $system;
+        }
+    }
+
+    .mx_Dropdown_input {
+        height: 24px;
+        background-color: $quinary-content;
+        border-color: $quinary-content;
+        color: $secondary-content;
+        border-radius: 4px;
+
+        &:focus {
+            border-color: $quinary-content;
+        }
+    }
+
+    .mx_Dropdown_arrow {
+        background: $secondary-content;
+    }
+}
+
+.mx_FilterDropdown_option {
+    position: relative;
+    width: 100%;
+    box-sizing: border-box;
+    padding: $spacing-8 0 $spacing-8 $spacing-20;
+
+    font-size: $font-12px;
+    line-height: $font-15px;
+    color: $primary-content;
+}
+
+.mx_FilterDropdown_optionSelectedIcon {
+    height: 14px;
+    width: 14px;
+    position: absolute;
+    top: $spacing-8;
+    left: 0;
+}
+
+.mx_FilterDropdown_optionLabel {
+    font-weight: $font-semi-bold;
+    display: block;
+}
+
+.mx_FilterDropdown_optionDescription {
+    color: $secondary-content;
+    margin-top: $spacing-4;
+}
diff --git a/res/img/element-icons/roomlist/checkmark.svg b/res/img/element-icons/roomlist/checkmark.svg
index 3be39fc9b2..ab6ced94a3 100644
--- a/res/img/element-icons/roomlist/checkmark.svg
+++ b/res/img/element-icons/roomlist/checkmark.svg
@@ -1,3 +1,3 @@
 <svg width="18" height="18" viewBox="0 0 18 18" fill="none" xmlns="http://www.w3.org/2000/svg">
-<path d="M4 8.81818L7.125 12L14 5" stroke="black" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/>
+<path d="M4 8.81818L7.125 12L14 5" stroke="currentColor" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/>
 </svg>
diff --git a/src/components/views/elements/Dropdown.tsx b/src/components/views/elements/Dropdown.tsx
index b9d8122ec5..d662a5acff 100644
--- a/src/components/views/elements/Dropdown.tsx
+++ b/src/components/views/elements/Dropdown.tsx
@@ -68,7 +68,7 @@ class MenuOption extends React.Component<IMenuOptionProps> {
     }
 }
 
-interface IProps {
+export interface DropdownProps {
     id: string;
     // ARIA label
     label: string;
@@ -108,13 +108,13 @@ interface IState {
  * but somewhat simpler as react-select is 79KB of minified
  * javascript.
  */
-export default class Dropdown extends React.Component<IProps, IState> {
+export default class Dropdown extends React.Component<DropdownProps, IState> {
     private readonly buttonRef = createRef<HTMLDivElement>();
     private dropdownRootElement: HTMLDivElement = null;
     private ignoreEvent: MouseEvent = null;
     private childrenByKey: Record<string, ReactNode> = {};
 
-    constructor(props: IProps) {
+    constructor(props: DropdownProps) {
         super(props);
 
         this.reindexChildren(this.props.children);
diff --git a/src/components/views/elements/FilterDropdown.tsx b/src/components/views/elements/FilterDropdown.tsx
new file mode 100644
index 0000000000..2b5bd0d3e9
--- /dev/null
+++ b/src/components/views/elements/FilterDropdown.tsx
@@ -0,0 +1,86 @@
+/*
+Copyright 2022 The Matrix.org Foundation C.I.C.
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
+*/
+
+import React from 'react';
+import classNames from 'classnames';
+
+import { Icon as CheckmarkIcon } from '../../../../res/img/element-icons/roomlist/checkmark.svg';
+import Dropdown, { DropdownProps } from './Dropdown';
+
+export type FilterDropdownOption<FilterKeysType extends string> = {
+    id: FilterKeysType;
+    label: string;
+    description?: string;
+};
+type FilterDropdownProps<FilterKeysType extends string> = Omit<DropdownProps, 'children'> & {
+    value: FilterKeysType;
+    options: FilterDropdownOption<FilterKeysType>[];
+    // A label displayed before the selected value
+    // in the dropdown input
+    selectedLabel?: string;
+};
+
+const getSelectedFilterOptionComponent = <FilterKeysType extends string>(
+    options: FilterDropdownOption<FilterKeysType>[], selectedLabel?: string,
+) => (filterKey: FilterKeysType) => {
+        const option = options.find(({ id }) => id === filterKey);
+        if (!option) {
+            return null;
+        }
+        if (selectedLabel) {
+            return `${selectedLabel}: ${option.label}`;
+        }
+        return option.label;
+    };
+
+/**
+ * Dropdown styled for list filtering
+ */
+export const FilterDropdown = <FilterKeysType extends string = string>(
+    {
+        value,
+        options,
+        selectedLabel,
+        className,
+        ...restProps
+    }: FilterDropdownProps<FilterKeysType>,
+): React.ReactElement<FilterDropdownProps<FilterKeysType>> => {
+    return <Dropdown
+        {...restProps}
+        value={value}
+        className={classNames('mx_FilterDropdown', className)}
+        getShortOption={getSelectedFilterOptionComponent<FilterKeysType>(options, selectedLabel)}
+    >
+        { options.map(({ id, label, description }) =>
+            <div
+                className='mx_FilterDropdown_option'
+                data-testid={`filter-option-${id}`}
+                key={id}
+            >
+                { id === value && <CheckmarkIcon className='mx_FilterDropdown_optionSelectedIcon' /> }
+                <span className='mx_FilterDropdown_optionLabel'>
+                    { label }
+                </span>
+                {
+                    !!description
+                    && <span
+                        className='mx_FilterDropdown_optionDescription'
+                    >{ description }</span>
+                }
+            </div>,
+        ) }
+    </Dropdown>;
+};
diff --git a/src/components/views/settings/devices/FilteredDeviceList.tsx b/src/components/views/settings/devices/FilteredDeviceList.tsx
index 5af3d30a36..5687cdf0af 100644
--- a/src/components/views/settings/devices/FilteredDeviceList.tsx
+++ b/src/components/views/settings/devices/FilteredDeviceList.tsx
@@ -18,7 +18,7 @@ import React from 'react';
 
 import { _t } from '../../../../languageHandler';
 import AccessibleButton from '../../elements/AccessibleButton';
-import Dropdown from '../../elements/Dropdown';
+import { FilterDropdown, FilterDropdownOption } from '../../elements/FilterDropdown';
 import DeviceDetails from './DeviceDetails';
 import DeviceExpandDetailsButton from './DeviceExpandDetailsButton';
 import DeviceSecurityCard from './DeviceSecurityCard';
@@ -45,13 +45,14 @@ interface Props {
 const sortDevicesByLatestActivity = (left: DeviceWithVerification, right: DeviceWithVerification) =>
     (right.last_seen_ts || 0) - (left.last_seen_ts || 0);
 
-const getFilteredSortedDevices = (devices: DevicesDictionary, filter: DeviceSecurityVariation) =>
+const getFilteredSortedDevices = (devices: DevicesDictionary, filter?: DeviceSecurityVariation) =>
     filterDevicesBySecurityRecommendation(Object.values(devices), filter ? [filter] : [])
         .sort(sortDevicesByLatestActivity);
 
 const ALL_FILTER_ID = 'ALL';
+type DeviceFilterKey = DeviceSecurityVariation | typeof ALL_FILTER_ID;
 
-const FilterSecurityCard: React.FC<{ filter?: DeviceSecurityVariation | string }> = ({ filter }) => {
+const FilterSecurityCard: React.FC<{ filter?: DeviceFilterKey }> = ({ filter }) => {
     switch (filter) {
         case DeviceSecurityVariation.Verified:
             return <div className='mx_FilteredDeviceList_securityCard'>
@@ -95,7 +96,7 @@ const FilterSecurityCard: React.FC<{ filter?: DeviceSecurityVariation | string }
     }
 };
 
-const getNoResultsMessage = (filter: DeviceSecurityVariation): string => {
+const getNoResultsMessage = (filter?: DeviceSecurityVariation): string => {
     switch (filter) {
         case DeviceSecurityVariation.Verified:
             return _t('No verified sessions found.');
@@ -107,7 +108,7 @@ const getNoResultsMessage = (filter: DeviceSecurityVariation): string => {
             return _t('No sessions found.');
     }
 };
-interface NoResultsProps { filter: DeviceSecurityVariation, clearFilter: () => void}
+interface NoResultsProps { filter?: DeviceSecurityVariation, clearFilter: () => void}
 const NoResults: React.FC<NoResultsProps> = ({ filter, clearFilter }) =>
     <div className='mx_FilteredDeviceList_noResults'>
         { getNoResultsMessage(filter) }
@@ -158,7 +159,7 @@ const FilteredDeviceList: React.FC<Props> = ({
 }) => {
     const sortedDevices = getFilteredSortedDevices(devices, filter);
 
-    const options = [
+    const options: FilterDropdownOption<DeviceFilterKey>[] = [
         { id: ALL_FILTER_ID, label: _t('All') },
         {
             id: DeviceSecurityVariation.Verified,
@@ -180,7 +181,7 @@ const FilteredDeviceList: React.FC<Props> = ({
         },
     ];
 
-    const onFilterOptionChange = (filterId: DeviceSecurityVariation | typeof ALL_FILTER_ID) => {
+    const onFilterOptionChange = (filterId: DeviceFilterKey) => {
         onFilterChange(filterId === ALL_FILTER_ID ? undefined : filterId as DeviceSecurityVariation);
     };
 
@@ -189,16 +190,14 @@ const FilteredDeviceList: React.FC<Props> = ({
             <span className='mx_FilteredDeviceList_headerLabel'>
                 { _t('Sessions') }
             </span>
-            <Dropdown
+            <FilterDropdown<DeviceFilterKey>
                 id='device-list-filter'
                 label={_t('Filter devices')}
                 value={filter || ALL_FILTER_ID}
                 onOptionChange={onFilterOptionChange}
-            >
-                { options.map(({ id, label }) =>
-                    <div data-test-id={`device-filter-option-${id}`} key={id}>{ label }</div>,
-                ) }
-            </Dropdown>
+                options={options}
+                selectedLabel={_t('Show')}
+            />
         </div>
         { !!sortedDevices.length
             ? <FilterSecurityCard filter={filter} />
diff --git a/src/i18n/strings/en_EN.json b/src/i18n/strings/en_EN.json
index ae602ac216..1e0450ae60 100644
--- a/src/i18n/strings/en_EN.json
+++ b/src/i18n/strings/en_EN.json
@@ -1734,6 +1734,7 @@
     "Inactive": "Inactive",
     "Inactive for %(inactiveAgeDays)s days or longer": "Inactive for %(inactiveAgeDays)s days or longer",
     "Filter devices": "Filter devices",
+    "Show": "Show",
     "Security recommendations": "Security recommendations",
     "Improve your account security by following these recommendations": "Improve your account security by following these recommendations",
     "View all": "View all",
diff --git a/test/components/views/elements/FilterDropdown-test.tsx b/test/components/views/elements/FilterDropdown-test.tsx
new file mode 100644
index 0000000000..3c30e70ac1
--- /dev/null
+++ b/test/components/views/elements/FilterDropdown-test.tsx
@@ -0,0 +1,68 @@
+/*
+Copyright 2022 The Matrix.org Foundation C.I.C.
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
+*/
+
+import { act, fireEvent, render } from '@testing-library/react';
+import React from 'react';
+
+import { FilterDropdown } from '../../../../src/components/views/elements/FilterDropdown';
+import { flushPromises, mockPlatformPeg } from '../../../test-utils';
+
+mockPlatformPeg();
+
+describe('<FilterDropdown />', () => {
+    const options = [
+        { id: 'one', label: 'Option one' },
+        { id: 'two', label: 'Option two', description: 'with description' },
+    ];
+    const defaultProps = {
+        className: 'test',
+        value: 'one',
+        options,
+        id: 'test',
+        label: 'test label',
+        onOptionChange: jest.fn(),
+    };
+    const getComponent = (props = {}): JSX.Element =>
+        (<FilterDropdown {...defaultProps} {...props} />);
+
+    const openDropdown = async (container: HTMLElement): Promise<void> => await act(async () => {
+        const button = container.querySelector('[role="button"]');
+        expect(button).toBeTruthy();
+        fireEvent.click(button as Element);
+        await flushPromises();
+    });
+
+    it('renders selected option', () => {
+        const { container } = render(getComponent());
+        expect(container).toMatchSnapshot();
+    });
+
+    it('renders when selected option is not in options', () => {
+        const { container } = render(getComponent({ value: 'oops' }));
+        expect(container).toMatchSnapshot();
+    });
+
+    it('renders selected option with selectedLabel', () => {
+        const { container } = render(getComponent({ selectedLabel: 'Show' }));
+        expect(container).toMatchSnapshot();
+    });
+
+    it('renders dropdown options in menu', async () => {
+        const { container } = render(getComponent());
+        await openDropdown(container);
+        expect(container.querySelector('.mx_Dropdown_menu')).toMatchSnapshot();
+    });
+});
diff --git a/test/components/views/elements/__snapshots__/FilterDropdown-test.tsx.snap b/test/components/views/elements/__snapshots__/FilterDropdown-test.tsx.snap
new file mode 100644
index 0000000000..627c92f3eb
--- /dev/null
+++ b/test/components/views/elements/__snapshots__/FilterDropdown-test.tsx.snap
@@ -0,0 +1,137 @@
+// Jest Snapshot v1, https://goo.gl/fbAQLP
+
+exports[`<FilterDropdown /> renders dropdown options in menu 1`] = `
+<div
+  class="mx_Dropdown_menu"
+  id="test_listbox"
+  role="listbox"
+>
+  <div
+    aria-selected="false"
+    class="mx_Dropdown_option"
+    id="test__one"
+    role="option"
+  >
+    <div
+      class="mx_FilterDropdown_option"
+      data-testid="filter-option-one"
+    >
+      <div
+        class="mx_FilterDropdown_optionSelectedIcon"
+      />
+      <span
+        class="mx_FilterDropdown_optionLabel"
+      >
+        Option one
+      </span>
+    </div>
+  </div>
+  <div
+    aria-selected="false"
+    class="mx_Dropdown_option"
+    id="test__two"
+    role="option"
+  >
+    <div
+      class="mx_FilterDropdown_option"
+      data-testid="filter-option-two"
+    >
+      <span
+        class="mx_FilterDropdown_optionLabel"
+      >
+        Option two
+      </span>
+      <span
+        class="mx_FilterDropdown_optionDescription"
+      >
+        with description
+      </span>
+    </div>
+  </div>
+</div>
+`;
+
+exports[`<FilterDropdown /> renders selected option 1`] = `
+<div>
+  <div
+    class="mx_Dropdown mx_FilterDropdown test"
+  >
+    <div
+      aria-describedby="test_value"
+      aria-expanded="false"
+      aria-haspopup="listbox"
+      aria-label="test label"
+      aria-owns="test_input"
+      class="mx_AccessibleButton mx_Dropdown_input mx_no_textinput"
+      role="button"
+      tabindex="0"
+    >
+      <div
+        class="mx_Dropdown_option"
+        id="test_value"
+      >
+        Option one
+      </div>
+      <span
+        class="mx_Dropdown_arrow"
+      />
+    </div>
+  </div>
+</div>
+`;
+
+exports[`<FilterDropdown /> renders selected option with selectedLabel 1`] = `
+<div>
+  <div
+    class="mx_Dropdown mx_FilterDropdown test"
+  >
+    <div
+      aria-describedby="test_value"
+      aria-expanded="false"
+      aria-haspopup="listbox"
+      aria-label="test label"
+      aria-owns="test_input"
+      class="mx_AccessibleButton mx_Dropdown_input mx_no_textinput"
+      role="button"
+      tabindex="0"
+    >
+      <div
+        class="mx_Dropdown_option"
+        id="test_value"
+      >
+        Show: Option one
+      </div>
+      <span
+        class="mx_Dropdown_arrow"
+      />
+    </div>
+  </div>
+</div>
+`;
+
+exports[`<FilterDropdown /> renders when selected option is not in options 1`] = `
+<div>
+  <div
+    class="mx_Dropdown mx_FilterDropdown test"
+  >
+    <div
+      aria-describedby="test_value"
+      aria-expanded="false"
+      aria-haspopup="listbox"
+      aria-label="test label"
+      aria-owns="test_input"
+      class="mx_AccessibleButton mx_Dropdown_input mx_no_textinput"
+      role="button"
+      tabindex="0"
+    >
+      <div
+        class="mx_Dropdown_option"
+        id="test_value"
+      />
+      <span
+        class="mx_Dropdown_arrow"
+      />
+    </div>
+  </div>
+</div>
+`;
diff --git a/test/components/views/settings/devices/FilteredDeviceList-test.tsx b/test/components/views/settings/devices/FilteredDeviceList-test.tsx
index ecfbc0489d..68ef60e76b 100644
--- a/test/components/views/settings/devices/FilteredDeviceList-test.tsx
+++ b/test/components/views/settings/devices/FilteredDeviceList-test.tsx
@@ -94,11 +94,11 @@ describe('<FilteredDeviceList />', () => {
         ) => await act(async () => {
             const dropdown = container.querySelector('[aria-label="Filter devices"]');
 
-            fireEvent.click(dropdown);
+            fireEvent.click(dropdown as Element);
             // tick to let dropdown render
             await flushPromises();
 
-            fireEvent.click(container.querySelector(`#device-list-filter__${option}`));
+            fireEvent.click(container.querySelector(`#device-list-filter__${option}`) as Element);
         });
 
         it('does not display filter description when filter is falsy', () => {
@@ -198,7 +198,7 @@ describe('<FilteredDeviceList />', () => {
             act(() => {
                 const tile = getByTestId(`device-tile-${hundredDaysOld.device_id}`);
                 const toggle = tile.querySelector('[aria-label="Toggle device details"]');
-                fireEvent.click(toggle);
+                fireEvent.click(toggle as Element);
             });
 
             expect(onDeviceExpandToggle).toHaveBeenCalledWith(hundredDaysOld.device_id);