We here investigated the effect of vanadium microalloying on the microstructure, mechanical properties, especially corrosion performances of low carbon bainitic steels. The corrosion behaviors of the steels with different vanadium contents in 3.5 wt% NaCl solution were evaluated by electrochemical tests (including polarization curves and electrochemical impedance spectroscopic measurements) and alternating immersion test (including weight loss and rust layer observation). Results show that the mechanical properties and corrosion resistance of low carbon bainitic steels can be synergistically improved with vanadium microalloying. With help of the electron backscatter diffraction characterization and scanning Kelvin probe force microscopy, we first discovered that although the number of micro-galvanic couples increases because of grain refinement, the Volta potential gradient between the matrix and grain boundaries are decreased with vanadium microalloying, which can promote the formation of compact protective rust layers and improve the corrosion resistance of vanadium micro-alloyed low carbon bainitic steels.