Corrosion is a major threat in the aeronautic industry, both in terms of safety and cost. Efficient, versatile, and cost affordable solutions for corrosion monitoring are thus needed. Ultrasonic Lamb Waves (LW) appear to be very efficient for corrosion monitoring and can be made cost effective and versatile if emitted and received by a sparse array of piezoelectric elements (PZT). A LW solution relying on a sparse PZT array and allowing to monitor µm-sized corrosion pit growth on stainless 316L grade steel plate is here evaluated. Experimentally, the corrosion pit size is electrochemically controlled by both the imposed electrical potential and the injection of a corrosive NaCl solution through a capillary located at the desired pit location. In parallel, the corrosion pit growth is monitored in-situ every 10 s by sending and measuring LW using a sparse array of 4 PZTs bonded to the back of the steel plate enduring corrosion. As a ground truth information, the corrosion pit volume is estimated as the dissolved volume balancing the electronic charges exchanged during corrosion. The corrosion pit radius is additionally checked post-experiment precisely with an optical measurement. Measured LW signals are then post-processed in order to compute a collection of synthetic damage indexes (DIs). After dimension reduction steps, obtained DI values correlates extremely well with the corrosion pit radius. Using a linear model relating those DI values to corrosion pit radius, it is demonstrated that corrosion pit from 30 µm to 150 µm can be reliably detected, located, and their upcoming size extrapolated. Two independent experiments were achieved in order to ensure the repeatability of the proposed approach. LW managed by a sparse PZT array thus appears to be reliable and efficient to monitor growth of µm-sized corrosion pits on 316L steel plates. If embedded in aeronautical structure, such an approach could be a versatile and cost-effective alternative to actual non-destructive maintenance procedures that are time and manpower consuming.