I like the idea of using an equalizer, when necessary, to roll off bass. You can use it during listening sessions during the evening, particularly at late hours, and use less or no equalization at other time, on weekends, etc. It is a nice adaptive solution that will allow you to go wild on Saturday afternoons yet reduce noise transmission at other times. In any case, rug and pad covering of the largest amount of floor possible will help a lot, as will any coverage of the walls with damping.
The ultimate solution, one that will generally involve ownership of the space, involves companies that do isolation professionally--they can use springs and dampers to float a floor above the original floor, they can add additional noise damping sheetrock to existing walls (isolated from the existing wall by damping material such as "Green Glue" adhesive), and even treat the ceiling.