The only room I've got to play with is a 10x12 shed whose doors don't seal very well. Except for my bicycle, I've ejected everything that isn't shop-related, though I still tell the kids to "take this to the shed" about half the time. :)
My spanking new (March-ish) drill press is starting to rust already. The upper bit of the column is getting a light speckling, there are a few dots on the chuck, and the moving bit of the, um, quill? is getting quite disturbingly rusty.
I oiled everything down and used 0000 steel wool to buff out the rust, but it's an on-going battle. Everything in my shop that isn't in the tool cabinet wants to rust. Not fast rust, but I keep an old metal toolbox full of clean motor oil and dunk/buff most of my tools periodically to stay on top of things. (The cabinet isn't big enough to hold everything.)
So how do I put my drill press in a cabinet? Would a tarp help, or make things worse? A wool blanket? Build a plywood box for the thing? :)
I seem to recall that this problem stems from moisture condensing out of the air onto the cool metal surfaces....