Through games of Sept. 24, 2023:
| Rank | School (No. 1 votes) | W-L | Points | Prev. |
| 1 | North Central (Ill.) (24) | 3-0 | 624 | 1 |
| 2 | Mount Union | 3-0 | 596 | 2 |
| 3 | Wartburg | 4-0 | 566 | 3 |
| 4 | UW-Whitewater (1) | 3-0 | 552 | 4 |
| 5 | Trinity (Texas) | 3-1 | 502 | 6 |
| 6 | UW-River Falls | 3-0 | 496 | 7 |
| 7 | St. John's | 2-1 | 456 | 8 |
| 8 | Linfield | 2-0 | 417 | 9 |
| 9 | Johns Hopkins | 3-0 | 384 | 12 |
| 10 | Wheaton (Ill.) | 3-0 | 374 | 10 |
| 11 | Randolph-Macon | 3-0 | 373 | 11 |
| 12 | Susquehanna | 4-0 | 307 | 15 |
| 13 | UW-La Crosse | 2-1 | 297 | 13 |
| 14 | John Carroll | 2-1 | 275 | 17 |
| 15 | Aurora | 3-0 | 249 | 16 |
| 16 | Cortland | 2-1 | 215 | 18 |
| 17 | Ithaca | 2-1 | 200 | 21 |
| 18 | Hardin-Simmons | 2-1 | 192 | 5 |
| 19 | Alma | 4-0 | 178 | 20 |
| 20 | UW-Oshkosh | 2-1 | 170 | 22 |
| 21 | Endicott | 3-1 | 149 | -- |
| 22 | Mary Hardin-Baylor | 1-3 | 81 | 23 |
| 23 | Muhlenberg | 3-0 | 73 | 24 |
| 24 | Carnegie Mellon | 3-1 | 58 | 14 |
| 25 | Delaware Valley | 3-1 | 55 | 25 |
Dropped out: No. 19 Bethel.
Others receiving votes: Berry 45; Grove City 44; Washington & Jefferson 43; Bethel 43; DePauw 25; Washington U. 20; UW-Platteville 14; Albion 9; Utica 8; Trinity (Conn.) 8; Howard Payne 7, Belhaven 6; Coe 5; Lake Forest 4; Union 3; Maryville 1; RPI 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.