Through games of Jan. 29, 2023.
| # | School (No. 1 votes) | W-L | Pts. | Prev. |
| 1 | Trinity (Texas) (19) | 19-0 | 618 | 1 |
| 2 | Transylvania (5) | 19-0 | 586 | 2 |
| 3 | Christopher Newport (1) | 20-0 | 583 | 3 |
| 4 | Scranton | 19-0 | 556 | 4 |
| 5 | Smith | 18-1 | 519 | 5 |
| 6 | Hope | 18-2 | 460 | 8 |
| 7 | New York University | 15-2 | 429 | 6 |
| 8 | Hardin-Simmons | 18-2 | 410 | 13 |
| 9 | DeSales | 18-1 | 400 | 12 |
| 10 | Chicago | 16-2 | 386 | 7 |
| 11 | Trinity (Conn.) | 19-1 | 384 | 15 |
| 12 | Trine | 15-4 | 310 | 11 |
| 13 | Ohio Northern | 17-2 | 278 | 18 |
| 14 | Baldwin Wallace | 17-2 | 276 | 10 |
| 15 | Ithaca | 16-2 | 260 | 19 |
| 16 | Babson | 16-3 | 245 | 9 |
| 17 | UW-Eau Claire | 16-4 | 215 | 14 |
| 18 | Rochester | 14-4 | 213 | 16 |
| 19 | Messiah | 18-2 | 159 | 21 |
| 20 | Puget Sound | 16-3 | 156 | 17 |
| 21 | Calvin | 16-3 | 155 | 20 |
| 22 | Gustavus Adolphus | 16-2 | 89 | 25 |
| 23 | UW-Whitewater | 15-5 | 88 | 24 |
| 24 | Elizabethtown | 17-1 | 52 | -- |
| 25 | Millikin | 16-3 | 48 | -- |
Dropped out: No. 22 Mary Hardin-Baylor; No. 23 Washington and Jefferson
Others receiving votes: Wartburg 36; La Verne 31; Washington U. 31; Washington and Jefferson 28; UW-Oshkosh 22; Berea 21; Loras 19; Cortland 17; Mary Hardin-Baylor 11; Stevens 10; UC Santa Cruz 9; Tufts 6; Concordia-Moorhead 5; Emory 2; Albertus Magnus 1; St. John Fisher 1
The D3hoops.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.