There are several models in which the corrosion rate, rust expansion, and resulting crack propagation around reinforcement can be assessed. The effect of crack-induced corrosion on the behavior of the structure can also be assessed. Several methods have been proposed to evaluate the mechanical performance of reinforced concrete structures with corroded reinforcing bars. Changes in the mechanical properties of reinforcing bars, concrete and their interactions need to be modeled based on the concept of analytical methods. The load-bearing capacity of reinforced concrete beams with reinforcement corrosion was calculated using the finite element method. The influence of reinforcement corrosion is considered from the point of view of changes in the mechanical properties of reinforcement and adhesion of reinforcement to concrete. Instead of reducing the cross-sectional area of the reinforcement, the Young’s modulus and yield strength of the corroded reinforcement are reduced. Numerical modeling of the structural performance of reinforced concrete structures with reinforcement corrosion using a finite element program has shown that modeling of structural deterioration, such as reinforcement corrosion and concrete cover cracking, sometimes has a large impact on the analytical results. The structural characteristics of reinforced concrete elements with reinforcement corrosion are calculated. Using this modeling method, an analysis of the degree of influence of corrosion on structural characteristics was carried out.