The money has been set aside to deliver replacement play parks in Ballykeel, Ballygally and Legg Park.
The Mayor of Mid and East Antrim Cllr Peter Johnston said: "We want to improve the mental and physical health of all of the children in Mid and East Antrim by providing sustainable and affordable play parks.
"Establishing better quality play parks is part of our wider ambition to ensure that communities have a real sense of identity and place, and that everyone has the opportunity to enjoy them.
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"This Council is determined to supply and look after our parks for future generations to enjoy.
"I would encourage everyone to submit their views on what equipment they feel should be included so these play areas are inclusive for everyone."
New play facilities will be installed at Ballykeel community centre play area.
Legg Park play area is also one of three play areas which will benefit from the first round of investment under the strategy.
Located off the Belfast Road, Legg Park commemorates the life of 2nd Lieutenant Charles Legg who died during WW1 aged just 25.
A memorial stands within the park and was once topped with a statue of Peter Pan in tribute to the 'boy who never grew up'.
Work on the new play areas is expected to be completed by Easter 2021.
