A diaper pail incorporating a refrigerated compartment is described herein, wherein the interior of the compartment can be cooled to low temperatures, typically less than 32 degrees Fahrenheit, to hinder and/or substantially slow the generation of noxious odors. Additionally, the diaper pail freezer includes a double lid with a bag retaining system to help ensure a good seal is maintained between the lid and the top of the pail to help contain any residual odors within the compartment.