This study explores the effect of heat treatment on the microstructural characteristics and corrosion resistance of 316L stainless steels (SSs) produced via laser powder bed fusion (L-PBF), focusing on anisotropic corrosion behavior—a relatively less explored phenomenon in LPBF 316L SSs. By systematically analyzing the effects of varying heat treatment temperatures (500 °C, 750 °C, and 1000 °C), this work uncovers critical correlations between microstructural evolution and corrosion properties. The findings include the identification of anisotropic corrosion resistance between horizontal (XY) and vertical (XZ) planes, with the vertical plane demonstrating higher pitting and repassivation potentials but greater post-repassivation current densities. Furthermore, this study highlights reductions in grain size, dislocation density, and melt pool boundaries with increasing heat treatment temperatures, which collectively diminishes corrosion resistance. These insights advance the understanding of processing–structure–property relationships in additively manufactured metals, providing practical guidelines for optimizing thermal post-processing to enhance material performance in corrosive environments.