diff --git a/docs/flow/modin/config.rst b/docs/flow/modin/config.rst
index 0b2afb5934a..924fb8f5c25 100644
--- a/docs/flow/modin/config.rst
+++ b/docs/flow/modin/config.rst
@@ -56,3 +56,21 @@ API.
     # Changing value of `NPartitions`
     modin.config.NPartitions.put(16)
     print(modin.config.NPartitions.get()) # prints '16'
+
+One can also use config variables with a context manager in order to use
+some config only for a certain part of the code:
+
+.. code-block:: python
+
+    import modin.config as cfg
+
+    # Default value for this config is 'False'
+    print(cfg.RangePartitioning.get()) # False
+
+    # Set the config to 'True' inside of the context-manager
+    with cfg.RangePartitioning(True):
+        print(cfg.RangePartitioning.get()) # True
+        df.merge(...) # will use range-partitioning impl
+
+    # Once the context is over, the config gets back to its previous value
+    print(cfg.RangePartitioning.get()) # False
diff --git a/modin/config/pubsub.py b/modin/config/pubsub.py
index a49f906ca64..3070dd89bcc 100644
--- a/modin/config/pubsub.py
+++ b/modin/config/pubsub.py
@@ -194,6 +194,15 @@ class Parameter(object):
     """
     Base class describing interface for configuration entities.
 
+    To set the parameter's value you can use both ``Parameter.put(val)`` and ``Parameter(val)``,
+    the latter also supports a context-manager use-case. Exiting the context will result into
+    resetting the parameter's value to the previous value.
+
+    Parameters
+    ----------
+    value : object
+        A value to set to this parameter.
+
     Attributes
     ----------
     choices : Optional[Sequence[str]]
@@ -209,6 +218,18 @@ class Parameter(object):
         ``ValueSource``.
     _deprecation_descriptor : Optional[DeprecationDescriptor]
         Indicate whether this parameter is deprecated.
+
+    Examples
+    --------
+    >>> class MyParameter(Parameter, type=bool):
+    ...     default = False
+    >>> MyParameter.get()
+    False
+    >>> with MyParameter(True):
+    ...     print(MyParameter.get()) # True
+    True
+    >>> MyParameter.get()
+    False
     """
 
     choices: Optional[Tuple[str, ...]] = None
@@ -221,6 +242,16 @@ class Parameter(object):
     _once: DefaultDict[Any, list] = defaultdict(list)
     _deprecation_descriptor: Optional[DeprecationDescriptor] = None
 
+    def __init__(self, value):
+        self._previous_val = self.get()
+        self.put(value)
+
+    def __enter__(self, *args, **kwargs):  # noqa: GL08
+        return self
+
+    def __exit__(self, *args, **kwargs):  # noqa: GL08
+        self.put(self._previous_val)
+
     @classmethod
     def _get_raw_from_config(cls) -> str:
         """
diff --git a/modin/config/test/test_parameter.py b/modin/config/test/test_parameter.py
index cc9bbb5f3f2..7f48815024e 100644
--- a/modin/config/test/test_parameter.py
+++ b/modin/config/test/test_parameter.py
@@ -101,3 +101,25 @@ def test_init_validation(vartype):
     parameter = make_prefilled(vartype, "bad value")
     with pytest.raises(ValueError):
         parameter.get()
+
+
+def test_context_manager():
+    parameter = make_prefilled(vartype=bool, varinit="False")
+
+    # simple case
+    assert parameter.get() is False
+    with parameter(True):
+        assert parameter.get() is True
+    assert parameter.get() is False
+
+    # nested case
+    assert parameter.get() is False
+    with parameter(True):
+        assert parameter.get() is True
+        with parameter(False):
+            assert parameter.get() is False
+            with parameter(False):
+                assert parameter.get() is False
+            assert parameter.get() is False
+        assert parameter.get() is True
+    assert parameter.get() is False