diff --git a/include/zephyr/net/lwm2m.h b/include/zephyr/net/lwm2m.h
index 2170d47cb83..c05198978c5 100644
--- a/include/zephyr/net/lwm2m.h
+++ b/include/zephyr/net/lwm2m.h
@@ -2127,18 +2127,37 @@ struct lwm2m_ctx *lwm2m_rd_client_ctx(void);
 /** 
  * @brief Enable data cache for a resource.
  *
+ * @deprecated Use lwm2m_enable_cache instead
+ *
  * Application may enable caching of resource data by allocating buffer for LwM2M engine to use.
  * Buffer must be size of struct @ref lwm2m_time_series_elem times cache_len
  *
  * @param resource_path LwM2M resourcepath string "obj/obj-inst/res(/res-inst)"
  * @param data_cache Pointer to Data cache array
  * @param cache_len number of cached entries
- * 
+ *
  * @return 0 for success or negative in case of error.
  *
  */
+__deprecated
 int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_series_elem *data_cache,
 			      size_t cache_len);
 
+/** 
+ * @brief Enable data cache for a resource.
+ *
+ * Application may enable caching of resource data by allocating buffer for LwM2M engine to use.
+ * Buffer must be size of struct @ref lwm2m_time_series_elem times cache_len
+ *
+ * @param path LwM2M path to resource as a struct
+ * @param data_cache Pointer to Data cache array
+ * @param cache_len number of cached entries
+ *
+ * @return 0 for success or negative in case of error.
+ *
+ */
+int lwm2m_enable_cache(struct lwm2m_obj_path *path, struct lwm2m_time_series_elem *data_cache,
+		       size_t cache_len);
+
 #endif	/* ZEPHYR_INCLUDE_NET_LWM2M_H_ */
 /**@}  */
diff --git a/subsys/net/lib/lwm2m/lwm2m_registry.c b/subsys/net/lib/lwm2m/lwm2m_registry.c
index 8e620dda25c..91926695e48 100644
--- a/subsys/net/lib/lwm2m/lwm2m_registry.c
+++ b/subsys/net/lib/lwm2m/lwm2m_registry.c
@@ -2073,11 +2073,10 @@ struct lwm2m_time_series_resource *lwm2m_cache_entry_get_by_object(struct lwm2m_
 
 }
 
-int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_series_elem *data_cache,
-			    size_t cache_len)
+int lwm2m_enable_cache(struct lwm2m_obj_path *path, struct lwm2m_time_series_elem *data_cache,
+		       size_t cache_len)
 {
 #if defined(CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT)
-	struct lwm2m_obj_path path;
 	struct lwm2m_engine_obj_inst *obj_inst;
 	struct lwm2m_engine_obj_field *obj_field;
 	struct lwm2m_engine_res_inst *res_inst = NULL;
@@ -2085,25 +2084,14 @@ int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_serie
 	int ret = 0;
 	size_t cache_entry_size = sizeof(struct lwm2m_time_series_elem);
 
-	/* translate path -> path_obj */
-	ret = lwm2m_string_to_path(resource_path, &path, '/');
-	if (ret < 0) {
-		return ret;
-	}
-
-	if (path.level < LWM2M_PATH_LEVEL_RESOURCE) {
-		LOG_ERR("path must have at least 3 parts");
-		return -EINVAL;
-	}
-
 	/* look up resource obj */
-	ret = path_to_objs(&path, &obj_inst, &obj_field, NULL, &res_inst);
+	ret = path_to_objs(path, &obj_inst, &obj_field, NULL, &res_inst);
 	if (ret < 0) {
 		return ret;
 	}
 
 	if (!res_inst) {
-		LOG_ERR("res instance %d not found", path.res_inst_id);
+		LOG_ERR("res instance %d not found", path->res_inst_id);
 		return -ENOENT;
 	}
 
@@ -2119,7 +2107,7 @@ int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_serie
 	case LWM2M_RES_TYPE_BOOL:
 	case LWM2M_RES_TYPE_FLOAT:
 		/* Support only fixed width resource types */
-		cache_entry = lwm2m_cache_entry_allocate(&path);
+		cache_entry = lwm2m_cache_entry_allocate(path);
 		break;
 	default:
 		cache_entry = NULL;
@@ -2140,6 +2128,31 @@ int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_serie
 #endif /* CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT */
 }
 
+int lwm2m_engine_enable_cache(char const *resource_path, struct lwm2m_time_series_elem *data_cache,
+			    size_t cache_len)
+{
+#if defined(CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT)
+	struct lwm2m_obj_path path;
+
+	/* translate path -> path_obj */
+	ret = lwm2m_string_to_path(resource_path, &path, '/');
+	if (ret < 0) {
+		return ret;
+	}
+
+	if (path.level < LWM2M_PATH_LEVEL_RESOURCE) {
+		LOG_ERR("path must have at least 3 parts");
+		return -EINVAL;
+	}
+
+	return lwm2m_enable_cache(&path, data_cache, cache_len);
+#else
+	LOG_ERR("LwM2M resource cache is only supported for "
+		"CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT");
+	return -ENOTSUP;
+#endif /* CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT */
+}
+
 int lwm2m_engine_data_cache_init(void)
 {
 #if defined(CONFIG_LWM2M_RESOURCE_DATA_CACHE_SUPPORT)