You've received excellent advice thus far, regarding models, types, prices, and ratings.
Let me add two things...
First, if you want it to last under a fair amount of use, make sure the pump head is cast iron. A lot of the less costly units are aluminum which is lightweight, but aluminum doesn't stand up to dry scraping from the piston very long. Some of them have cast iron sleeves, which is better, but they can work loose and eventually leak, depending on the design.
A year ago I purchased a used "Quincy" made in the late 50's or early 60's. It's an enormous horizontal unit which fits under the enclosed stairwell in my garage - so it's out of sight. It's a 150 gallon tank if I remember correctly. I paid $350 for it with a bad 3-phase motor, which I replaced with a 3HP Baldor single phase, 220V motor, which I got on ebay for about $50 plus about that in shipping. I had to drill out the shaft hole on the pulley for the larger motor spindle, and then cross-drill through the pulley and the motor shaft to put a pin in, as the set screw on the pulley was stripped and I was too cheap to buy a new pulley. So they've been pinned with 4340N small round stock I had lying around. Well, its a 1/4" pin /forums/images/graemlins/laugh.gif
Second, one of the things I've always liked about Quincy compressors aside from their durability, is their low noise factor. Because they run at a much lower RPM than consumer grade compessors, when they kick in you hear "pfssssst" of the pressure switch chamber, then "putt putt putt putt putt". You can work standing next to one without getting a headache. Mine's in an under-stair closet as I said, so I can barely hear it. I plumbed "black pipe" down the center of the two garage bays with quick disconnects so I can tap in with short, very flexible coily air hoses for workbench use, and under my workbench I have a self-retracting 100' spool of stiffer air hose which I can yank and extend into the driveway for outside work.
I also bought a 5 gallon, dual tank chinese "workman" air compressor for $89 at an auto store, for air "to go" in case I'm helping a friend build something that's not in my driveway. While not a really good compressor and it often doesn't keep up, it is small and reasonably lightweight that I can take it with me.
Before you buy, at least see if you can find an old commercial compressor. Most of them can be rebuilt if they leak for not so much money. A little cylinder honing and a new ring is often all they need, if anything.