The precipitate phases often play an important influence on the corrosion resistance of 2205 Duplex stainless steel (DSS). In the presented paper, the microstructure and corrosion resistance in the hot-rolled and cold-rolled 2205 DSS aging for different time at 850 °C was investigated by XRD, SEM and potentiodynamic polarization. It has been found that the Chi(χ) phase and Sigm(σ) phase were precipitated in turn after aging treatment of hot-rolled and cold-rolled materials, but the precipitate amount in cold-rolled material is much more than that of hot-rolled samples. The corrosion resistance of the solution-annealed cold-rolled material is similar to the hot-rolled material, but the corrosion resistance of cold-rolled material with precipitate is weaker than that of hot-rolled material after aging treatment. Pitting initiates preferentially in the Cr-depleted region from σ phase in aged hot-rolled 2205, and severe selective corrosion occurs on sigma/ferrite interfaces aged for a long aged lime. However, the initiation of pitting corrosion may take place at the phase boundary, defect and martensite in the aged cold-rolled 2205. The σ phase is further selectively dissolved by electrochemical method to investigate the difference of microstructure and corrosion behavior in hot-rolled and cold-rolled 2205 duplex stainless steel.