Entering the 2023 season:
| Rank | School (No. 1 votes) | 2022 W-L | Points |
| 1 | North Central (Ill.) (22) | 15-0 | 622 |
| 2 | Mount Union (3) | 14-1 | 597 |
| 3 | Mary Hardin-Baylor | 12-2 | 553 |
| 4 | Trinity (Texas) | 11-1 | 511 |
| 5 | Wartburg | 13-1 | 500 |
| 6 | St. John's | 10-2 | 495 |
| 7 | Linfield | 10-1 | 434 |
| 8 | Hardin-Simmons | 9-2 | 397 |
| 9 | Ithaca | 12-1 | 362 |
| 10 | Delaware Valley | 12-1 | 349 |
| 11 | UW-Whitewater | 8-3 | 322 |
| 12 | UW-La Crosse | 9-2 | 304 |
| 13 | Wheaton (Ill.) | 8-3 | 285 |
| 14 | Bethel | 10-3 | 278 |
| 15 | Randolph-Macon | 11-1 | 256 |
| 16 | Carnegie Mellon | 11-1 | 248 |
| 17 | Cortland | 9-2 | 237 |
| 18 | Johns Hopkins | 10-1 | 182 |
| 19 | John Carroll | 8-2 | 165 |
| 20 | Aurora | 11-2 | 155 |
| 21 | UW-Oshkosh | 6-4 | 140 |
| 22 | Susquehanna | 10-1 | 134 |
| 23 | UW-River Falls | 7-4 | 127 |
| 24 | Alma | 11-1 | 99 |
| 25 | Salisbury | 9-2 | 59 |
Others receiving votes: Utica 49; Washington U. 36; Endicott 34; Mount St. Joseph 32; Huntingdon 27; Washington & Jefferson 25; DePauw 22; Albion 16; Springfield 15; Muhlenberg 14; Birmingham-Southern 11; Howard Payne 6; Baldwin Wallace 5; Stevenson 4; Lake Forest 4; RPI 3; Trinity (Conn.) 3; Heidelberg 2; Monmouth 2; Bridgewater (Va.) 2; Gustavus Adolphus 1; Shenandoah 1.
The D3football.com Top 25 is voted on by a panel of 25 coaches, Sports Information Directors and media members from across the country, and is published weekly. Points are awarded on a 25-24-23-22-etc. basis.