Through games of Sept. 16, 2023:
| Rank | School (No. 1 votes) | W-L | Points | Prev. |
| 1 | North Central (Ill.) (24) | 2-0 | 624 | 1 |
| 2 | Mount Union | 2-0 | 596 | 2 |
| 3 | Wartburg | 3-0 | 568 | 3 |
| 4 | UW-Whitewater (1) | 3-0 | 545 | 4 |
| 5 | Hardin-Simmons | 2-0 | 512 | 5 |
| 6 | Trinity (Texas) | 2-1 | 477 | 6 |
| 7 | UW-River Falls | 3-0 | 473 | 7 |
| 8 | St. John's | 1-1 | 417 | 9 |
| 9 | Linfield | 2-0 | 410 | 8 |
| 10 | Wheaton (Ill.) | 2-0 | 391 | 11 |
| 11 | Randolph-Macon | 3-0 | 346 | 12 |
| 12 | Johns Hopkins | 3-0 | 340 | 13 |
| 13 | UW-La Crosse | 2-1 | 310 | 14 |
| 14 | Carnegie Mellon | 3-0 | 277 | 15 |
| 15 | Susquehanna | 3-0 | 256 | 22 |
| 16 | Aurora | 3-0 | 221 | 16 |
| 17 | John Carroll | 1-1 | 219 | 17 |
| 18 | Cortland | 2-1 | 194 | 10 |
| 19 | Bethel | 1-1 | 181 | 18 |
| 20 | Alma | 3-0 | 141 | 21 |
| 21 | Ithaca | 2-1 | 139 | 20 |
| 22 | UW-Oshkosh | 2-1 | 136 | 23 |
| 23 | Mary Hardin-Baylor | 0-3 | 65 | 19 |
| 24 | Muhlenberg | 3-0 | 58 | 25 |
| 25 | Delaware Valley | 2-1 | 53 | 24 |
Dropped out: None.
Others receiving votes: Berry 32; Washington & Jefferson 29; Washington U. 20; DePauw 18; UW-Platteville 17; Howard Payne 12; Albion 8; Lake Forest 8; Endicott 6; Utica 5; King's 5; Belhaven 4; Trinity (Conn.) 4; Heidelberg 3; Coe 2; Hope 1; Maryville 1; Mount St. Joseph 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.