An inter-carrier interference (ICI) mitigating equalizer includes a channel estimator, a channel calculator, an ICI estimator, a subtracter, and an equalizer. The channel estimator estimates a channel response from a received signal, and the channel calculator calculates a basic component of a channel response and fluctuating components of the channel response from the estimated channel response. The ICI estimator multiplies the fluctuating components of the channel response by a received signal in a frequency domain, filters the multiplication results according to filter coefficients, and estimates an ICI component included in the received signal based on the filtering results. The subtracter subtracts the ICI component from the received signal in the frequency domain. The equalizer equalizes an output signal of the subtracter based on the basic component of the channel response.