Index: binaries/data/mods/mod/gui/common/modern/styles.xml
===================================================================
--- binaries/data/mods/mod/gui/common/modern/styles.xml
+++ binaries/data/mods/mod/gui/common/modern/styles.xml
@@ -141,6 +141,7 @@
 		sprite_selectarea="color:150 0 0"
 		textcolor="white"
 		textcolor_selected="white"
+		text_valign="center"
 		placeholder_color="gray"
 	/>
 	<style name="ModernTickBox"
Index: source/gui/ObjectTypes/CInput.h
===================================================================
--- source/gui/ObjectTypes/CInput.h
+++ source/gui/ObjectTypes/CInput.h
@@ -233,6 +233,7 @@
 	CGUISimpleSetting<CGUISpriteInstance> m_SpriteSelectArea;
 	CGUISimpleSetting<CGUIColor> m_TextColor;
 	CGUISimpleSetting<CGUIColor> m_TextColorSelected;
+	CGUISimpleSetting<EVAlign> m_TextVAlign;
 	CGUISimpleSetting<CGUIColor> m_PlaceholderColor;
 };
 
Index: source/gui/ObjectTypes/CInput.cpp
===================================================================
--- source/gui/ObjectTypes/CInput.cpp
+++ source/gui/ObjectTypes/CInput.cpp
@@ -73,6 +73,7 @@
 	m_SpriteSelectArea(this, "sprite_selectarea"),
 	m_TextColor(this, "textcolor"),
 	m_TextColorSelected(this, "textcolor_selected"),
+	m_TextVAlign(this, "text_valign"),
 	m_PlaceholderText(this, "placeholder_text"),
 	m_PlaceholderColor(this, "placeholder_color")
 {
@@ -1268,9 +1269,7 @@
 	textRenderer.SetCurrentFont(font_name);
 
 	textRenderer.Translate(
-		(float)(int)(m_CachedActualSize.left) + m_BufferZone,
-		(float)(int)(m_CachedActualSize.top+h) + m_BufferZone);
-
+		(float)(int)(m_CachedActualSize.left) + m_BufferZone, m_TextVAlign == EVAlign::TOP ? m_CachedActualSize.top + ls : (m_TextVAlign == EVAlign::BOTTOM ? m_CachedActualSize.bottom - (ls-h)  : floorf((m_CachedActualSize.top + m_CachedActualSize.bottom + h) / 2.f)));
 	// U+FE33: PRESENTATION FORM FOR VERTICAL LOW LINE
 	// (sort of like a | which is aligned to the left of most characters)
 
@@ -1507,7 +1506,7 @@
 			textRenderer.ResetTranslate(savedTranslate);
 		}
 
-		textRenderer.Translate(0.f, ls);
+		textRenderer.Translate(0.f, ls / 2.f);
 	}
 
 	canvas.DrawText(textRenderer);
@@ -1531,7 +1530,26 @@
 	if (!m_GeneratedPlaceholderTextValid)
 		SetupGeneratedPlaceholderText();
 
-	m_GeneratedPlaceholderText.Draw(m_pGUI, canvas, m_PlaceholderColor, m_CachedActualSize.TopLeft(), clipping);
+	CVector2D textPos;
+	textPos.X = m_CachedActualSize.left;
+
+	switch (m_TextVAlign)
+	{
+	case EVAlign::TOP:
+		textPos.Y = m_CachedActualSize.top;
+		break;
+	case EVAlign::CENTER:
+		// Round to integer pixel values, else the fonts look awful
+		textPos.Y = floorf(m_CachedActualSize.CenterPoint().Y - m_GeneratedPlaceholderText.GetSize().Height / 2.f);
+		break;
+	case EVAlign::BOTTOM:
+		textPos.Y =  m_CachedActualSize.bottom - m_GeneratedPlaceholderText.GetSize().Height;
+		break;
+	default:
+		debug_warn(L"Broken EVAlign in CInput::DrawPlaceholderText()");
+		break;
+	}
+	m_GeneratedPlaceholderText.Draw(m_pGUI, canvas, m_PlaceholderColor, textPos, clipping);
 }
 
 void CInput::UpdateText(int from, int to_before, int to_after)