Here is our look at our 2023 Ultimate HBCU Sports Division I Top 10 football rankings after Week 5.
| Rank | Team | Previous rank | Record |
| 1 | North Carolina Central | 1 | 4-1 |
| 2 | Florida A&M | 2 | 4-1 |
| 3 | Hampton | 4 | 3-1 |
| 4 | Jackson State | 5 | 3-2 |
| 5 | Grambling State | 7 | 3-2 |
| 6 | Southern | 8 | 3-2 |
| 7 | Alabama A&M | 9 | 3-2 |
| 8 | Howard | 7 | 2-2 |
| 9 | Tennessee State | 3 | 2-2 |
| 10 | Prairie View | 6 | 2-3 |
