It was great staying at Niko's place. It is very easy to get to old town via tram, but it takes about 15 minutes, so just be ready for that. However, if you walk about 15 minutes you can get to a great beer garden in the same park that has the metronome - only about $2 for delicious beer and a great atmosphere. Then you can walk down and across the bridge to get to old town.
There's a cleaning lady who comes every day and wipes everything down, which was really nice. Niko has also provided pots, pans, etc. The only thing for those who want to cook - there is no salt or pepper, so you have to provide every part of your meal. The room is huge and it had 2 beds, a lock, and a place to hang clothes (with hangers provided). If you're on a budget, this place is great!