A multistage channel estimation method and apparatus is provided. The multistage channel estimation method includes: receiving a data frame to compensate for a distortion of the data frame based on a first channel estimation value associated with a corresponding section of the data frame; a first step of changing the corresponding section to calculate a second channel estimation value associated with the changed section; a second step of updating the first channel estimation value based on the calculated second channel estimation value; a third step of compensating for the distortion of the data frame based on the updated first channel estimation value to count a number of compensations; and repeating the first step through the third step, when the counted number of compensations does not match a predetermined numerical value.