A filtering apparatus includes a housing having an inlet and at least an outlet, and a filter arrangement disposed in the housing, downstream of the inlet and upstream of the outlet for filtering a pressurized gas entering the housing through the inlet to provide a filtered pressurized gas at the outlet. The filter arrangement has first and second tubular filter elements. The first filter element is received within the second filter element. The filtering apparatus can be configured as a filter regulator when equipped with a pressure regulator. The filtering apparatus of filter regulator can be used with one or more spray guns or in a spraying system.