Aluminum–lithium alloys have the potential for use in aerospace applications, and improving their physical, mechanical, and operational characteristics through alloying is a pressing task. Lithium, with a density of 0.54 g/cm3, enhances the elastic modulus of aluminum while reducing the weight of the resulting alloys, making them increasingly attractive. Adding transition metal additives to aluminum alloys enhances their strength, heat resistance, and corrosion resistance, due to their modifying effect and grain refinement. The study aimed to investigate the impact of titanium content on the microstructure, corrosion resistance, and hardness of Al-Li alloys. Four alloys were prepared with varying amounts of titanium at 0.05 wt%, 0.1 wt%, 0.5 wt%, and 1.0 wt%. The results showed that the microstructure of the alloy was modified after adding Ti, resulting in a decrease in average grain size to about 60% with the best refinement at 0.05 wt% Ti content. SEM and EDS analysis revealed an irregular net-shaped interdendritic microstructure with an observed microsegregation of Al3Li compounds and other trace elements at the grain boundaries. The samples showed casting defects due to the high content of Li in the alloy, which absorbed air during casting, resulting in casting defects such as shrinkage holes. The corrosion resistance test results were low for the samples with casting defects, with the least resistance recorded for a sample containing 0.1 wt% Ti content, with more casting defects. The addition of Ti increased the microhardness of the alloy to an average of 91.8 ± 2.8 HV.