A method and system for iterative discrete Fourier transform (DFT) based channel estimation using minimum mean square error (MMSE) techniques are presented. Aspects of the method and system include a procedure for computing channel estimates in both the time domain and frequency domain (or mixed domain) using an iterative DFT method based on MMSE techniques. One aspect of the method and system may achieve low computational complexity and produce more accurate channel estimate values in low signal to noise ratio (SNR) regimes in comparison to conventional DFT-based channel estimation methods, which utilize least squares (LS) techniques. The method and system disclosed herein may be practiced in connection with a wide range of orthogonal frequency division multiplexing (OFDM) based systems, for example wireless local area networks (WLAN, for example IEEE 802.11 WLAN systems), and LTE systems.