<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001745803</cik>
        <entityName>Sprout Properties III, LP</entityName>
        <issuerAddress>
            <street1>7700 WINDROSE AVE., 3RD FLOOR</street1>
            <street2>Attn: Rentready Homes/Provision Cap.</street2>
            <city>DALLAS</city>
            <stateOrCountry>TX</stateOrCountry>
            <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
            <zipCode>75201</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(817) 799-8917</issuerPhoneNumber>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Abdullah</firstName>
                <lastName>Ahmad</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7700 Windrose Ave., 3rd Floor</street1>
                <street2>Attn: A.Ahmad (at Provision/Rentready)</street2>
                <city>Plano</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75024</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>CEO and owner of General Partner entity (Rentready Homes LLC)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Rentready Homes LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7700 Windrose Ave., 3rd Floor</street1>
                <street2>Attn: M.Usmani (at Provision/Rentready)</street2>
                <city>Plano</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75024</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>This is the actual General Partner entity (its owner/CEO/managing-member is shown in the previous Related Person entry)</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Provision Capital LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7700 Windrose Ave., 3rd Floor</street1>
                <street2>Attn: M.Usmani (at Provision/Rentready)</street2>
                <city>Plano</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75024</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Also owned and managed by Abdullah Ahmad. Abdullah Ahmad acted through Rentready Homes LLC and Provision Capital LLC in founding/organizing Sprout Properties III.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mahmood</firstName>
                <lastName>Usmani</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>7700 Windrose Ave., 3rd Floor</street1>
                <street2>Attn: M.Usmani (at Provision/Rentready)</street2>
                <city>Plano</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75024</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Operating Officer at Rentready Homes and Provision Capital</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>04</item>
            <item>06b</item>
            <item>4a5</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2026-05-22</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Limited Partner Interests (essentially, a more specific form of equity)</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10000000</totalOfferingAmount>
            <totalAmountSold>200000</totalAmountSold>
            <totalRemaining>9800000</totalRemaining>
            <clarificationOfResponse>Above is just for Sprout Properties II, LP's current offering. Does not include the current offering of related/similar limited partnership, Sprout Properties II, L.P. (whose general partner is also Rentready Homes LLC).</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>1</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>No sales commissions/finder fees.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>General Partner's only compensation with respect to the limited partnership (issuer) is essentially a percentage of profits actually generated by the limited partnership.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Sprout Properties III, LP</issuerName>
                <signatureName>Obair Qudsi</signatureName>
                <nameOfSigner>Obair Qudsi (Attorney at Bajaria &amp; Forgerson Law Group)</nameOfSigner>
                <signatureTitle>Attorney</signatureTitle>
                <signatureDate>2026-06-25</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
