Simple. It's the back pressure that makes these pumps run louder. Get a small plastic three way valve and a few feet of tubing. Run a 6 inch piece of tube to the valve then a long line out to the airstone or whatever. Now on the leftover valve opening, run another 6 inch length of tube and leave open.
Adjust the airflow so the stone still produces bubbles but let bout half of the air out the open tube. listen for the results, a more quiet pump.
I also recommend a checkvalve on the line going to the tank in case of power loss or pump failure. 8)