A filter assembly configured for acoustic dampening for use with compressor assemblies such as oxygen concentrators including a compartmented housing member having an inlet opening, an outlet opening, a filter member, and a plurality of noise attenuating members positioned and located therewithin. The configuration of the compartmented housing member in conjunction with the positioning and location of the filter member and the noise attenuating members therewithin all contribute to absorb and dissipate any sound waves generated within the housing member due to air flow movement therethrough. This substantially reduces and minimizes noise associated with the present filter assembly.