Pequot Lakes is a city in Crow Wing County, Minnesota, United States. The population was 2,395 at the 2020 Census. It is part of the Brainerd Micropolitan Statistical Area. Pequot Lakes was platted in March 1900. It was named by a postal official for the first Indian-sounding name he thought of, which is the name of a former tribe of Algonquian Indians in eastern Connecticut. A post office was established at Pequot Lakes in 1896.