Best option really is to get a new one
But if moneys tight
Rub it down with a wire brush and/or Wet and dry
Once its mainly clean, wash it and let it dry
once clean, you can apply a substance called Rust Killer, Its a Liquid which you paint on, that will prevent any rust on there getting worse, it usually dries a blacky blue colour, once its dry, simply just respray it a colour you want, but since its pretty hard to see, black will do fine
If its half rusty half paint still, do it all, scrub the pain off, to give an even coverage
Also use High Temp Paint as well, otherwise it will just flake straight off again
Ziggy