It is only the barrel? This is as hard or easy as you wish. The easiest/ cheapest way to remove the rust; wire brush, sand paper, sand blast or whatever means you have (Navel Jelly should be OK). If the pitting is too deep for safe firing, cut and dress the end (If this causes a NFA problem replace the barrel. If the depth of the rust is not a problem, smooth the rusted area until you'll satisfied. As suggested you could cold blue, but you barrel will easily rust again. Second choice; go to the hardware and get a can of spray paint or better would be get DURO EXTEND (I used this on a front crash bumper on my 4x4 and repelled the Ohio road salt). Third choice Brownells sells some very good spray on products, some are bake on, or get a parkerizing kit (as already mentioned) Personally, I'd sand blast it white and parkerize it, but I do that stuff fairly often. And lastly, take it to the gunsmith and have him reblue it. (BBQ black paint would be your cheapest choice). Ivan