5 Cheapest Password Managers (With All the Features You Need)

Finding the cheapest password manager isn’t just about picking the lowest price. While free password managers exist, they often lack features worth paying for, such as secure password sharing, built-in two-factor authentication, and cross-platform vaults that sync across devices and browsers. 

A good password manager balances affordability with the tools needed to keep individuals and teams secure.

TeamPassword is the cheapest password manager available with the features you need!
Don’t believe us? Try our free trial to unlock 30% off your first year today and try for yourself.

What features do the best password managers have? 

Many password managers cover the basics, but only a few offer the complete set of tools needed for secure, flexible use. From device compatibility to advanced sharing options, these features define the difference between a barebones solution and one that can handle complex needs.

When evaluating password managers, watch for these features:

1. Cross-platform support

2. Browser integration

3. Password vault synchronization

4. Two-factor authentication (2FA) and time-based one-time password (TOTP) support

5. Secure sharing of credentials

6. Single sign-on (SSO)

7. Password health reporting

8. Encrypted storage for sensitive data

9. Team and role management

10. Offline access

11. Activity logs and auditing

12. Password generator

Cross-platform support

A password manager must work across operating systems and devices without friction. Users often switch between Windows laptops, iPhones, Android tablets, and Linux workstations. True cross-platform support keeps the vault accessible anywhere, regardless of hardware or software.

Browser integration

Browser extensions streamline daily tasks. They capture new logins, autofill saved credentials, and suggest strong passwords during account creation. Without integration, users are forced to copy and paste, which slows workflows and increases the chance of errors.

Password vault synchronization

Real-time synchronization ensures that the most up-to-date credentials are available on all devices. Whether adding a new account on a smartphone or updating a password on a desktop, changes propagate instantly and eliminate conflicts between copies.

Two-factor authentication (2FA) and time-based one-time password (TOTP) support

Password managers with built-in TOTP generation remove the need for separate authenticator apps. This means users can access both their credentials and one-time codes from a single place, simplifying the login process for services with two-factor authentication.

Secure sharing of credentials

Some password managers allow credentials to be shared securely without revealing the underlying password. This is essential for teams managing shared accounts, as it reduces exposure and keeps sensitive information contained.

Single sign-on (SSO)

SSO connects multiple applications to a single identity provider. Instead of juggling dozens of login credentials, users can access everything with one secure sign-in. This feature is especially common in enterprise environments.

Password health reporting

Password health reports scan stored credentials for weak, reused, or compromised passwords. A good manager flags issues before they turn into vulnerabilities, giving users a chance to update problem accounts.

Encrypted storage for sensitive data

Beyond passwords, these tools can lock away API keys, secure notes, payment details, and other private information. Encryption ensures that even if the vault is breached, the data inside remains unreadable.

Team and role management

In organizations, access must be controlled. Role-based permissions let admins decide who can view, edit, or share specific credentials, reducing the risk of accidental exposure or misuse.

Offline access

Reliable offline access makes sure credentials are available even without an Internet connection. This is critical during travel, network outages, or work environments with limited connectivity.

Activity logs and auditing

Audit trails record who accessed or modified credentials and when. These logs provide accountability and help identify unauthorized actions in shared environments. They also help businesses understand which apps add value and which ones could be cut to trim the budget. 

Password generator

A built-in password generator creates long, complex passwords that resist guessing attacks. This makes it easier to enforce good password hygiene without requiring users to think up their own secure combinations.

Cheap vs. full-featured password managers

Free password managers can handle basic needs for a single user. Tools like browser-based password storage or operating system keychains save and autofill credentials with minimal setup. For someone managing a handful of personal accounts, this level of simplicity might be enough.

However, even families or small not-for-profits, but especially businesses, need more flexibility. Sharing logins securely, managing accounts across devices, and tracking password health require features that free tools rarely include. Paying a small monthly fee opens access to vaults that work on multiple platforms and allow controlled sharing between users.

Not every full-featured password manager comes with a high price tag. While some enterprise solutions are complex and expensive, affordable options exist that deliver advanced capabilities like TOTP, SSO, and cross-platform support without adding unnecessary overhead. These low-cost tools combine strong security with accessibility for individuals, families, and small teams.

5 best low-cost password managers

Here are five of the cheapest password managers on the market today:

1. TeamPassword

2. iCloud Keychain

3. Google Password Manager

4. Bitwarden 

5. Lastpass

TeamPassword

TeamPassword is the only low-cost password manager with every critical feature. Whether you are a small business or large enterprise, secure password sharing, automatic password health checks, activity logs, SSO capabilities, and built-in TOTP to ensure 2FA compliance will save your company time and money. 

Not only can admins control who has access to which accounts and data, but they can also review how often they are using the applications to find what software could be cut without jeopardizing productivity. 

TeamPassword offers a no-cost risk-free trial that doesn’t require credit card information, so every user is confident in its value before spending a single dollar. 

Still on the fence? Email [email protected] and say “30 cheapest” for an extra 30% off the already low annual cost for the first year. 

iCloud Keychain

iCloud Keychain is Apple’s built-in password manager, first introduced in 2013 as part of iOS 7 and OS X Mavericks. It was developed in Cupertino, California, as part of Apple’s broader iCloud ecosystem. Designed for Apple device users, it integrates deeply into iOS, macOS, and Safari.

The service saves passwords, credit card information, and Wi-Fi credentials, synchronizing them across Apple devices using end-to-end encryption. Autofill is supported in Safari and, more recently, in apps as well. iCloud Keychain also includes a basic password generator and security recommendations for weak or compromised passwords.

Being tied exclusively to Apple’s ecosystem limits its flexibility. Windows and Android users cannot access saved credentials natively, which creates problems for people using multiple platforms. Many iPhone users end up with half their passwords stored in iCloud Keychain and the other half in browser-based managers like Google Password Manager, splitting sensitive data across services. For someone fully invested in Apple hardware, iCloud Keychain may suffice, but others are likely to outgrow it.

Google Password Manager

Google Password Manager was launched in 2015 as part of Chrome and Android. Developed by Google in Mountain View, California, it serves as the default password storage solution for Chrome users and Android devices.

The tool saves and autofills passwords in Chrome and Android apps, syncing credentials across devices logged into the same Google account. It offers a built-in password generator, security checkups for weak or reused passwords, and alerts for known breaches. Integration with biometric authentication on Android enhances ease of use.

Like iCloud Keychain, Google Password Manager is deeply tied to a specific ecosystem. It works best for users who rely heavily on Chrome and Android but offers limited support for Apple devices or other browsers. Many users end up splitting their data between Google and Apple, which creates two points of failure. For Android-first individuals with minimal cross-platform needs, it can be a convenient and free option, though its feature set is basic compared to dedicated password managers.

Bitwarden

Bitwarden was founded in 2016 by Kyle Spearrin and is headquartered in Santa Barbara, California. It began as an open-source alternative to proprietary password managers and quickly grew in popularity among privacy-conscious users and enterprises.

The platform offers a full-featured password manager with end-to-end encryption, cross-platform support, and browser extensions. Bitwarden’s premium version includes features like TOTP generation, encrypted file storage, and advanced security reports. It also supports team sharing and role management for organizations.

While Bitwarden’s pricing appears attractive, the low-cost plans can be complex to implement for non-technical users. Deployment and management often require IT expertise, making it a better fit for large enterprises with dedicated security personnel. For individuals and small teams without such resources, the platform’s technical demands and configuration overhead can offset its price advantage.

LastPass

LastPass was founded in 2008 by Marvasol, Inc., with its headquarters in Boston, Massachusetts. Over the years, it grew into one of the most widely used password managers worldwide, offering both free and premium plans. The company has changed ownership multiple times, most recently acquired by GoTo in 2021.

LastPass provides cross-platform support through desktop apps, mobile apps, and browser extensions. Its features include password vault synchronization, password generation, secure sharing, and multi-factor authentication. The platform also offers family plans and business solutions with team management and single sign-on capabilities.

Despite its broad feature set, LastPass has faced several security breaches that raised concerns about its safety. For businesses and individuals prioritizing maximum security, LastPass might not be the ideal choice due to its past incidents and pricing.

TeamPassword is the best full-featured cheap password manager

TeamPassword combines an affordable price with advanced features like built-in TOTP, secure credential sharing, SSO capabilities, and cross-platform support. It works seamlessly across devices and browsers, making it a strong fit for businesses.

While free tools and enterprise solutions each have trade-offs, TeamPassword strikes the right balance. For users seeking a full-featured yet cost-effective password manager, it stands out as the smarter choice.

Already low-cost and full of features, TeamPassword has just gotten more affordable!
Contact support and say "30 cheapest" for a further 30% off your first year.