The couple also share son Joaquin, 17.
In one of the photos, Consuelos held up Lola who was in diapers as they waded in a pool.
In another picture, Ripa held Lola while she wore a pink princess dress and Michael looked up at them.
"#tbt 2001 Babies with their babies. 💕🌴🐬🏝🌺🥥🍍," the talk show host captioned the moments.
kelly ripa/instagram. inset: getty images
"I love these pics so much!!!" Consuelos commented.
The actor's Riverdale costar Marisol Nichols wrote, "❤️❤️❤️."
Meanwhile, actress Debi Mazar shared, "❤️❤️ Taking my 2002 baby to college today finally ❤️."
"😭 u guys are so inspiring," Ilana Glazer commented.
Ripa and Consuelos got married in May 1996 after meeting on the set of All My Children.
The couple often gets flirty on Instagram, much to their children's embarrassment.
Ann Limongello/Walt Disney Television via Getty
In August, Lola did a joint PEOPLE interview with Ripa and gave her take on the social media behavior of her parents.
She joked that her mom's occasional "belfie" pictures are "ridiculous" and that she's learned to ignore the "thirst trap" photos Ripa posts of Consuelos.
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"I thought you were going to say I shouldn't post thirst trap pictures of your dad," Ripa quipped.
"That's disgusting," Lola replied. "I block that out of my mind. I forgot that you even did that. I don't even know if I follow you on Instagram still! I'm kidding, I would never."