diff --git a/protocols/relay/src/behaviour.rs b/protocols/relay/src/behaviour.rs
index 2e395c3dac6..3c2d67dd9d3 100644
--- a/protocols/relay/src/behaviour.rs
+++ b/protocols/relay/src/behaviour.rs
@@ -410,7 +410,7 @@ impl NetworkBehaviour for Behaviour {
                         .get(&event_source)
                         .map(|cs| cs.len())
                         .unwrap_or(0)
-                        > self.config.max_reservations_per_peer)
+                        >= self.config.max_reservations_per_peer)
                     // Deny if it exceeds `max_reservations`.
                     || self
                         .reservations
diff --git a/protocols/relay/tests/lib.rs b/protocols/relay/tests/lib.rs
index de3087b2903..6117b061553 100644
--- a/protocols/relay/tests/lib.rs
+++ b/protocols/relay/tests/lib.rs
@@ -345,6 +345,78 @@ async fn propagate_reservation_error_to_listener() {
     ));
 }
 
+#[tokio::test]
+async fn enforce_reservation_limit_per_peer_across_connections() {
+    let _ = tracing_subscriber::fmt()
+        .with_env_filter(EnvFilter::from_default_env())
+        .try_init();
+
+    let relay_addr = Multiaddr::empty().with(Protocol::Memory(rand::random::<u64>()));
+    let mut relay = build_relay_with_config(relay::Config {
+        max_reservations: 10,
+        max_reservations_per_peer: 1,
+        reservation_duration: Duration::from_secs(60),
+        ..relay::Config::default()
+    });
+    let relay_peer_id = *relay.local_peer_id();
+
+    relay.listen_on(relay_addr.clone()).unwrap();
+    relay.add_external_address(relay_addr.clone());
+    tokio::spawn(async move {
+        relay.collect::<Vec<_>>().await;
+    });
+
+    let attacker_key = identity::Keypair::generate_ed25519();
+    let attacker_peer_id = attacker_key.public().to_peer_id();
+    let relayed_addr = relay_addr
+        .clone()
+        .with(Protocol::P2p(relay_peer_id))
+        .with(Protocol::P2pCircuit);
+    let relayed_addr_with_peer = relayed_addr.clone().with(Protocol::P2p(attacker_peer_id));
+
+    let mut attacker_conn_1 =
+        build_client_with_key(attacker_key.clone(), Config::with_tokio_executor());
+    attacker_conn_1.listen_on(relayed_addr.clone()).unwrap();
+    assert!(wait_for_dial(&mut attacker_conn_1, relay_peer_id).await);
+    wait_for_reservation(
+        &mut attacker_conn_1,
+        relayed_addr_with_peer.clone(),
+        relay_peer_id,
+        false,
+    )
+    .await;
+
+    tokio::spawn(async move {
+        attacker_conn_1.collect::<Vec<_>>().await;
+    });
+
+    let mut attacker_conn_2 = build_client_with_key(attacker_key, Config::with_tokio_executor());
+    let reservation_listener = attacker_conn_2.listen_on(relayed_addr).unwrap();
+    assert!(wait_for_dial(&mut attacker_conn_2, relay_peer_id).await);
+
+    let error = attacker_conn_2
+        .wait(|e| match e {
+            SwarmEvent::ListenerClosed {
+                listener_id,
+                reason: Err(e),
+                ..
+            } if listener_id == reservation_listener => Some(e),
+            _ => None,
+        })
+        .await;
+
+    let error = error
+        .source()
+        .unwrap()
+        .downcast_ref::<relay::outbound::hop::ReserveError>()
+        .unwrap();
+
+    assert!(matches!(
+        error,
+        relay::outbound::hop::ReserveError::ResourceLimitExceeded
+    ));
+}
+
 #[tokio::test]
 async fn propagate_connect_error_to_unknown_peer_to_dialer() {
     let _ = tracing_subscriber::fmt()
@@ -471,7 +543,10 @@ fn build_client() -> Swarm<Client> {
 }
 
 fn build_client_with_config(config: Config) -> Swarm<Client> {
-    let local_key = identity::Keypair::generate_ed25519();
+    build_client_with_key(identity::Keypair::generate_ed25519(), config)
+}
+
+fn build_client_with_key(local_key: identity::Keypair, config: Config) -> Swarm<Client> {
     let local_peer_id = local_key.public().to_peer_id();
 
     let (relay_transport, behaviour) = relay::client::new(local_peer_id);