Through games of Oct. 22, 2023:
| Rank | School (No. 1 votes) | W-L | Points | Prev. |
| 1 | North Central (Ill.) (25) | 7-0 | 625 | 1 |
| 2 | Mount Union | 7-0 | 598 | 2 |
| 3 | Wartburg | 8-0 | 571 | 3 |
| 4 | UW-La Crosse | 6-1 | 516 | 4 |
| 5 | UW-Whitewater | 6-1 | 513 | 5 |
| 6 | Trinity (Texas) | 6-1 | 499 | 6 |
| 7 | UW-River Falls | 6-1 | 443 | 8 |
| 8 | Johns Hopkins | 7-0 | 423 | 10 |
| 9 | Linfield | 6-0 | 417 | 9 |
| 10 | Randolph-Macon | 7-0 | 394 | 11 |
| 11 | Susquehanna | 8-0 | 367 | 12 |
| 12 | Wheaton (Ill.) | 6-1 | 330 | 13 |
| 13 | John Carroll | 6-1 | 293 | 14 |
| 14 | Aurora | 7-0 | 292 | 15 |
| 15 | Ithaca | 6-1 | 261 | 16 |
| 16 | Cortland | 6-1 | 247 | 17 |
| 17 | Alma | 7-0 | 212 | 18 |
| 18 | St. John's | 5-2 | 210 | 7 |
| 19 | Endicott | 6-1 | 199 | 19 |
| 20 | Hardin-Simmons | 6-1 | 147 | 20 |
| 21 | Muhlenberg | 7-0 | 131 | 21 |
| 22 | Grove City | 8-0 | 121 | 22 |
| 23 | Mary Hardin-Baylor | 4-3 | 101 | 23 |
| 24 | Berry | 6-1 | 70 | 24 |
| 25 | Delaware Valley | 6-1 | 36 | 25 |
Dropped out: None.
Others receiving votes: Coe 25; Carnegie Mellon 21; DePauw 18; Belhaven 14; Bethel 6; Augustana 5; Claremont-Mudd-Scripps 4; Union 4; Whitworth 4; Brockport 3; UW-Oshkosh 3; Marietta 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.
Front page photo credit: Randolph-Macon running back Kwesi Clarke by Mike Atherton, d3photography.com