diff --git a/.travis.yml b/.travis.yml
index 3eb89dc4f..f08a72af6 100644
--- a/.travis.yml
+++ b/.travis.yml
@@ -2,7 +2,14 @@ language: python
 
 sudo: false
 
+cache:
+  directories:
+    - $HOME/.pip-cache
+
 env:
+  global:
+    - PIP_CACHE=$HOME/.pip-cache
+  matrix:
     - TOX_ENV=py27-flake8
     - TOX_ENV=py27-docs
     - TOX_ENV=py34-django17
@@ -27,7 +34,8 @@ env:
     - TOX_ENV=py27-django18beta
 
 install:
-  - pip install tox
+  - pip install --download $PIP_CACHE tox
+  - pip install --no-index --find-links=$PIP_CACHE tox
 
 script:
     - tox -e $TOX_ENV
diff --git a/custom_pip_install.sh b/custom_pip_install.sh
new file mode 100755
index 000000000..b42026c48
--- /dev/null
+++ b/custom_pip_install.sh
@@ -0,0 +1,13 @@
+#!/bin/bash
+if [[ "$@" == "djangorestframework" ]]; then
+  # Caching djangorestframework package would invalidate Travis cache on every build
+  pip install "$@"
+else
+  # Try to install from cache, download and install if that fails
+  pip install --no-index --find-links=$PIP_CACHE "$@"
+  EXIT_STATUS=$?
+  if [ $EXIT_STATUS -ne 0 ]; then
+    pip install --download $PIP_CACHE "$@"
+    pip install --no-index --find-links=$PIP_CACHE "$@"
+  fi
+fi
diff --git a/tox.ini b/tox.ini
index c986250c5..df6a63dcb 100644
--- a/tox.ini
+++ b/tox.ini
@@ -6,6 +6,9 @@ envlist =
        {py27,py32,py33,py34}-django{17,18beta}
 
 [testenv]
+install_command =
+       {toxinidir}/custom_pip_install.sh {packages}
+
 commands = ./runtests.py --fast
 setenv =
        PYTHONDONTWRITEBYTECODE=1