If you know anyone in the heating and cooling repair business the tanks that refrigerant comes in makes a good bottle. The places usually just throw them away (a friend of mine has a whole big pile of them outside his shop!). They are about the same size as a #20 propane tank I'd guess.
There are "Kits" that will convert them into tanks for filling tires, which basically have a manifold that connects to the tank, a filling valve, a pressure gauge, and a short hose. I think they cost around $20 or so. To that you would need to add a regulator (another $20) and a filter/dryer (another $20). Say around $60 to $75 total. You can also buy a tank at Sears with the hose, gauge, and filler already on it for around $30. You'd still need the regulator and filter/drier though.
Edit ..
I forgot, you'd also need a safety valve to release the pressure if it gets too high. That's included in the "Kits" but if you try and DIY you'll need one.
You might also want to look into a pressure switch. Hook your compressor to the tank through the pressure switch. When the tank pressure gets to the low set point it will turn on the compressor. When it gets to the high set point it turns it off. You'd have to do a little wiring, but that's basically all a "Normal" compressor is; a pump, tank, and pressure switch.