The best way..... is to go to wal-mart, there is a wheel that will fit into the end of a drill. I think 3M makes it.Grey in color, this will make it a little faster on the larger areas. You will have to use some sand paper to get in the hard to reach areas. If you don't want the rust coming back in a week or two you might want to invest in some self-etching primer.Then your topcoat. As far as chrome in a can good luck with that... Hope this was helpful.
Wad up some aluminum foil and rub the rim, you will be surprised at how well it removes rust. Be sure to wax the wheel afterwards if it's a chrome wheel.
There are many methods that 1 can take up in order to remove rust on metals. The method to be used depends on the metal that needs to be cleaned. Rust removal methods should be selected according to how badly the rust has affected the metal. The easiest method that would help in simple surface rust removal would be by using a liquid rust remover that promises proper removal of rust without harming the metal.
I dunno about using a power drill and wire wheel... just use foil or a brillo pad, or if your patient use naval jelly as the others can leave scratches. Whatever you do, wax it when your done to seal it. You tube if you're still unsure.
Painted wheel, take the bad areas to bare metal. Sand blaster. Also oven cleaner or paint stripper, navel jelly, let sit for a while. Wash well with water to neutralize. Then sand paper or abrasive wheel on bad areas.
Even Sandpaper would help scrape off the rust from the metal surface. Another post in the above mentioned blog speaks about the easy methods of rust removal from metals in general. We should actually adopt easy and faster methods of rust removal. But, also keep in mind that it should not harm the metal.