I live in an apartment in Los Angeles with neighbors all around. I paint inside (by a window) and nobody's ever complained of noise. I own the Iwata SprintJet, which I think is around $149 on dixieart. It's pretty quiet, has a built in moisture trap, and is well worth the price, especially since it costs twice as much everywhere else, and also considering how much I use it (which is a helluva lot).
I personally wouldn't waste time with a refillable tank. Although I don't know how valid my opinion is since I haven't actually used one, I imagine the pressure wouldn't stay steady as you use the air inside up (edit: actually, wm seems to have mentioned that up there), plus the whole, taking it down to the station to refill it all the time seems like a pain in the butt.