Globally, corrosion is the costliest cause of the deterioration of metallic and concrete structures, leading to significant financial losses and unexpected loss of life. Therefore, corrosion monitoring is vital to the assessment of structures’ residual performance and for the identification of pathologies in early stages for the predictive maintenance of facilities. However, the high price tag on available corrosion monitoring systems leads to their exclusive use for structural health monitoring applications, especially for atmospheric corrosion detection in civil structures. In this paper a systematic literature review is provided on the state-of-the-art electrochemical methods and physical methods used so far for corrosion monitoring compatible with low-cost sensors and data acquisition devices for metallic and concrete structures. In addition, special attention is paid to the use of these devices for corrosion monitoring and detection for in situ applications in different industries. This analysis demonstrates the possible applications of low-cost sensors in the corrosion monitoring sector. In addition, this study provides scholars with preferred techniques and the most common microcontrollers, such as Arduino, to overcome the corrosion monitoring difficulties in the construction industry.