This study introduces an anlytical model for estimating shear strengths of reinforced concrete (RC) members with corroded tensile reinforcing bars. The bond strength model for corroded reinforcing bars developed in the previous study was extended for shear analysis. A force equilibrium condition between adjacent cracks was established considering the bond mechanism of reinforcing bars, through which the shear contributions of aggregate interlock in cracked tension zone and uncracked concrete in compression zone were quatitatively determined. In addition, a bond failure criterion was introduced in the shear analysis model, such that bond failure owing to insufficient bond strength caused by corrosion can be reflected. The proposed model was verified in detail through comprehensive comparison with existing shear test results of corroded RC beams. Consequently, it appeared that the proposed model closely captured the change in shear capacity with respect to the degree of corrosion with a good accuracy.