Embodiments of a low profile three parameter isolator are provided, as are embodiments of an isolation system employing one or more low profile three parameter isolators. In one embodiment, the three parameter isolator includes a first damper and a flat plate structure, which is coupled to the first damper and which extends substantially orthogonal to the longitudinal axis of the isolator. A main spring is formed in the flat plate structure and is coupled in series with the first damper, as taken along a first load path through the three parameter isolator. A tuning spring is also formed in the flat plate structure such that the tuning spring is coupled in parallel with the main spring and in series with the first damper, as taken along a second load path through the three parameter isolator.