Monitoring corrosion of steel reinforcing bars is critical for the durability and safety of reinforced concrete structures. Corrosion sensors based on fiber optic have proved to exhibit meaningful benefits compared with the conventional electric ones. In recent years, Fiber Bragg Grating (FBG) has been used as a new kind of sensing element in an attempt to directly monitor the corrosion in concrete structure due to its remarkable advantages. In this paper, we present a novel kind of FBG based rebar corrosion monitoring sensor. The rebar corrosion is detected by volume expansion of the corroded rebar by transferring it to the axial strain of FBG when concrete structure is soaked in salt water. An accelerated salt water corrosion test was performed. The experiment results showed the corrosion can be monitored effectively and the corrosion rate is obtained by volume loss rate of rebar.