diff --git a/src/components/Input/README.md b/src/components/Input/README.md
index 6707f7a..b376924 100644
--- a/src/components/Input/README.md
+++ b/src/components/Input/README.md
@@ -24,6 +24,11 @@ Readonly input:
 <Input label="Readonly input" value="lorem ipsum" readonly />
 ```
 
+Input with placeholder:
+```js
+<Input placeholder="lorem ipsum" />
+```
+
 A non-empty input with the error state:
 ```js
 <Input label="Some input" value="lorem ipsum" status="error" hint="Need something else" />
@@ -31,12 +36,12 @@ A non-empty input with the error state:
 
 An non-empty textarea:
 ```js
-<Input label="Multiline input" value="This is a value" type="multiline" rows="3" />
+<Input label="Multiline input" value="This is a value" type="multiline" rows={3} />
 ```
 
 An resizeable textarea:
 ```js
-<Input label="Multiline resizeable textarea" value="This is a value" type="multiline" rows="2" resize />
+<Input label="Multiline resizeable textarea" value="This is a value" type="multiline" rows={3} resize />
 ```
 
 An autoresizeable textarea:
@@ -46,5 +51,5 @@ An autoresizeable textarea:
 
 An autoresizeable textarea with custom initial number of rows:
 ```js
-<Input label="Multiline autoresizeable textarea" value="This is a value" type="multiline" resize="auto" rows="1" />
+<Input label="Multiline autoresizeable textarea" value="This is a value" type="multiline" resize="auto" rows={1} />
 ```
diff --git a/src/components/Input/__snapshots__/input.spec.js.snap b/src/components/Input/__snapshots__/input.spec.js.snap
index adc8fdc..27e3fc9 100644
--- a/src/components/Input/__snapshots__/input.spec.js.snap
+++ b/src/components/Input/__snapshots__/input.spec.js.snap
@@ -17,6 +17,7 @@ exports[`Input autoresizing works correctly 1`] = `
   onKeyDown={[Function]}
   onKeyPress={[Function]}
   onKeyUp={[Function]}
+  placeholder={null}
   readonly={false}
   resize="auto"
   rows={2}
@@ -40,6 +41,7 @@ exports[`Input autoresizing works correctly 1`] = `
       onKeyDown={[Function]}
       onKeyPress={[Function]}
       onKeyUp={[Function]}
+      placeholder={null}
       readOnly={false}
       rows={2}
       tabIndex={0}
@@ -74,6 +76,7 @@ exports[`Input autoresizing works correctly 2`] = `
   onKeyDown={[Function]}
   onKeyPress={[Function]}
   onKeyUp={[Function]}
+  placeholder={null}
   readonly={false}
   resize="auto"
   rows={2}
@@ -97,11 +100,12 @@ exports[`Input autoresizing works correctly 2`] = `
       onKeyDown={[Function]}
       onKeyPress={[Function]}
       onKeyUp={[Function]}
+      placeholder={null}
       readOnly={false}
       rows={2}
       style={
         Object {
-          "height": "98px",
+          "height": "101px",
         }
       }
       tabIndex={0}
@@ -136,6 +140,7 @@ exports[`Input lifecycle works 1`] = `
   onKeyDown={[Function]}
   onKeyPress={[Function]}
   onKeyUp={[Function]}
+  placeholder={null}
   readonly={false}
   resize={false}
   rows={2}
@@ -158,6 +163,7 @@ exports[`Input lifecycle works 1`] = `
       onKeyDown={[Function]}
       onKeyPress={[Function]}
       onKeyUp={[Function]}
+      placeholder={null}
       readOnly={false}
       tabIndex={0}
       type="text"
@@ -190,6 +196,7 @@ exports[`Input lifecycle works 2`] = `
   onKeyDown={[Function]}
   onKeyPress={[Function]}
   onKeyUp={[Function]}
+  placeholder={null}
   readonly={false}
   resize={false}
   rows={2}
@@ -212,6 +219,7 @@ exports[`Input lifecycle works 2`] = `
       onKeyDown={[Function]}
       onKeyPress={[Function]}
       onKeyUp={[Function]}
+      placeholder={null}
       readOnly={false}
       tabIndex={0}
       type="text"
@@ -244,6 +252,7 @@ exports[`Input lifecycle works 3`] = `
   onKeyDown={[Function]}
   onKeyPress={[Function]}
   onKeyUp={[Function]}
+  placeholder={null}
   readonly={false}
   resize={false}
   rows={2}
@@ -266,6 +275,7 @@ exports[`Input lifecycle works 3`] = `
       onKeyDown={[Function]}
       onKeyPress={[Function]}
       onKeyUp={[Function]}
+      placeholder={null}
       readOnly={false}
       tabIndex={0}
       type="text"
@@ -296,6 +306,7 @@ exports[`Input renders correctly all the standard params 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -325,6 +336,7 @@ exports[`Input renders correctly disabled 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -354,6 +366,7 @@ exports[`Input renders correctly readonly 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={true}
     tabIndex={0}
     type="text"
@@ -368,6 +381,36 @@ exports[`Input renders correctly readonly 1`] = `
 </div>
 `;
 
+exports[`Input renders correctly with a placeholder 1`] = `
+<div
+  className="wds-input is-empty"
+>
+  <input
+    className="wds-input__field "
+    disabled={false}
+    id="foo"
+    name="foo"
+    onBlur={[Function]}
+    onChange={[Function]}
+    onFocus={[Function]}
+    onKeyDown={[Function]}
+    onKeyPress={[Function]}
+    onKeyUp={[Function]}
+    placeholder="That's a placeholder"
+    readOnly={false}
+    tabIndex={0}
+    type="text"
+    value=""
+  />
+  <label
+    className="wds-input__label "
+    htmlFor="foo"
+  >
+    
+  </label>
+</div>
+`;
+
 exports[`Input renders correctly with an error status and a hint 1`] = `
 <div
   className="wds-input has-error"
@@ -383,6 +426,7 @@ exports[`Input renders correctly with an error status and a hint 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -417,6 +461,7 @@ exports[`Input renders correctly with custom class names 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -446,6 +491,7 @@ exports[`Input renders correctly with default values 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -475,6 +521,7 @@ exports[`Input renders correctly with different types 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="text"
@@ -504,6 +551,7 @@ exports[`Input renders correctly with different types 2`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="number"
@@ -533,6 +581,7 @@ exports[`Input renders correctly with different types 3`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="email"
@@ -562,6 +611,7 @@ exports[`Input renders correctly with different types 4`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="search"
@@ -591,6 +641,7 @@ exports[`Input renders correctly with different types 5`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="tel"
@@ -620,6 +671,7 @@ exports[`Input renders correctly with different types 6`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="url"
@@ -649,6 +701,7 @@ exports[`Input renders correctly with different types 7`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={0}
     type="password"
@@ -678,6 +731,7 @@ exports[`Input renders correctly with multiline 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     rows={3}
     tabIndex={0}
@@ -709,6 +763,7 @@ exports[`Input renders correctly with multiline 2`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     rows={3}
     tabIndex={0}
@@ -740,6 +795,7 @@ exports[`Input renders correctly with tabIndex 1`] = `
     onKeyDown={[Function]}
     onKeyPress={[Function]}
     onKeyUp={[Function]}
+    placeholder={null}
     readOnly={false}
     tabIndex={-2}
     type="text"
diff --git a/src/components/Input/index.js b/src/components/Input/index.js
index 2936f86..ab545d1 100644
--- a/src/components/Input/index.js
+++ b/src/components/Input/index.js
@@ -103,6 +103,7 @@ class Input extends React.Component {
       readOnly: this.props.readonly,
       disabled: this.props.disabled,
       tabIndex: this.props.tabIndex,
+      placeholder: this.props.placeholder,
     };
   }
 
@@ -169,12 +170,12 @@ class Input extends React.Component {
   handleAutoResize() {
     // height has to be reset first because if not it keeps increasing every time user will type a character
     // setting actual height must be done in setState callback, because React might optimize this into one setState call
-    // scrollHeight includes padding, we need to compensate this
-    // keep value in sync with padding-bottom in .wds-input__field styles
-    const BOTTOM_PADDING = 2;
+    // scrollHeight includes padding but not border, we need to compensate this to avoid slight height change
+    // keep value in sync with bottom-border in .wds-input__field styles
+    const BOTTOM_BORDER_WIDTH = 1;
 
     this.setState({dynamicTextareaHeight: 'auto'}, () => {
-      this.setState({dynamicTextareaHeight: `${this.input.scrollHeight - BOTTOM_PADDING}px`});
+      this.setState({dynamicTextareaHeight: `${this.input.scrollHeight + BOTTOM_BORDER_WIDTH}px`});
     });
 
     // to prevent scroll jumping
@@ -278,11 +279,29 @@ Input.propTypes = {
   /**
    * Label that we want to display.
    */
-  label: PropTypes.string.isRequired,
+  label: (props, propName) => {
+    if (props.placeholder && props[propName]) {
+      return new Error(`Prop ${propName} is not used when placeholder is set`);
+    }
+
+    if (!props.placeholder && !props[propName]) {
+      return new Error(`Prop ${propName} is required when placeholder is not set`);
+    }
+
+    if (typeof props[propName] !== 'string') {
+      return new Error(`Prop ${propName} is not a string`);
+    }
+
+    return null;
+  },
   /**
    * Hint to display
    */
   hint: PropTypes.string,
+  /**
+   * Placeholder to display
+   */
+  placeholder: PropTypes.string,
   /**
    * Status
    */
@@ -347,7 +366,9 @@ Input.defaultProps = {
   autoFocus: false,
   className: '',
   disabled: false,
+  label: '',
   hint: null,
+  placeholder: null,
   hintClassName: '',
   id: null,
   inputClassName: '',
diff --git a/src/components/Input/input.spec.js b/src/components/Input/input.spec.js
index cf807bd..e758c4b 100644
--- a/src/components/Input/input.spec.js
+++ b/src/components/Input/input.spec.js
@@ -11,6 +11,16 @@ jest.mock('lodash.uniqueid');
 uniqueId.mockImplementation(() => 'foo');
 
 /* eslint-disable no-console */
+function testPropTypeError(Component, props, expectedError) {
+  const stub = sinon.stub(console, 'error');
+
+  renderer.create(<Component {...props} />);
+
+  expect(stub.calledOnce).toEqual(true);
+  expect(stub.calledWithMatch(sinon.match(new RegExp(expectedError)))).toEqual(true);
+
+  console.error.restore();
+}
 
 test('Input renders correctly with default values', () => {
   const component = renderer.create(
@@ -66,6 +76,29 @@ test('Input renders correctly with an error status and a hint', () => {
   expect(component.toJSON()).toMatchSnapshot();
 });
 
+test('Input renders correctly with a placeholder', () => {
+  const component = renderer.create(
+    <Input placeholder="That's a placeholder" />,
+  );
+  expect(component.toJSON()).toMatchSnapshot();
+});
+
+test('Input throws error when rendered with a placeholder and label', () => {
+  testPropTypeError(
+    Input,
+    {label: 'Label', placeholder: 'Placeholder'},
+    'Prop label is not used when placeholder is set'
+  );
+});
+
+test('Input throws error when rendered without a placeholder or label', () => {
+  testPropTypeError(Input, {}, 'Prop label is required when placeholder is not set');
+});
+
+test('Input throws error when rendered with invalid label', () => {
+  testPropTypeError(Input, {label: 100}, 'Prop label is not a string');
+});
+
 test('Input renders correctly with custom class names', () => {
   const component = renderer.create(
     <Input
diff --git a/src/components/Input/styles.scss b/src/components/Input/styles.scss
index 139ca39..e11a296 100644
--- a/src/components/Input/styles.scss
+++ b/src/components/Input/styles.scss
@@ -10,12 +10,13 @@
 
 	&__field {
 		border: 0;
+		// keep value in sync with `BOTTOM_BORDER_WIDTH` from Input component
 		border-bottom: 1px solid $wds-color-blue-gray;
+		box-sizing: border-box;
 		color: $wds-color-dark-blue-gray;
 		font-size: $wds-typescale-size-base;
 		line-height: 1em;
 		padding: 0;
-		// keep value in sync with `BOTTOM_PADDING` from Input component
 		padding-bottom: 2px;
 		resize: none;
 		width: 100%;