If you want to be on the cheap side, put a conditioner before the UPS--it'll correct enough that the UPS will only turn on when really needed.
Furthermore, what're you worried about line noise for? You will NOT be connecting your outboard equipment to this--ONLY your PC and monitors, and probably your interface. You have to realize that since we're not dealing with a true sine wave here, the peak voltage is going to be different to compensate. Some really cheap inverters also rely on PWM, which is /really/ not something you want anywhere near your outboard equipment. You don't have to worry about that so much with your computer because not only are UPSs designed for computers, but every computer already has a power conditioner built into its psu. Professional audio equipment, on the other hand, is an entirely different matter.
As far as noise is concerned, listen (no pun intended): barring a layer of water, lead, water, twinkies, and then water again, and cabling made out of room-temperature super-conductors that the government, freemasons and nambla are all working hard to make sure you don't know about, you're not going to get that kind of noise out. What kind of interface do you have? If you're using a regular ol' soundcard/onboard sound, or your cd drives' audio outputs are getting in the signal, that's probably it--even if the drives aren't playing.
So anyway, the noise (we're speaking RF/electrical noise) generated by any brand-name UPS thing is going to be minimal at most. It's going to generate less than your computer, so suck it up and make a decision--the introduction of noise that, with proper placement/cabling will be barely detectable, or the chance that you might lose hours worth of work when Johnny GED over at the power company decides that the control consoles are just the right distance from eachother for a rousing game of beer pong. If you're running 3 CRTs and you're still concerned about noise from a UPS after all the posts in this thread, I hope this is some cruel joke. Especially since, as another post pointed out, chances are you're not going to be recording when the power goes out. And if you are, the take's probably ruined from the performer being startled /because the power just went out/. There'll only be switching noise when the power goes out, especially if you put a conditioner in front of it, or no switching noise with an online unit. This post took entirely too much effort.