We had a great time at Nicolas' place. Ideally situated if you want to be in Vieux Lyon, it's right above a bakery (yummy smell waking you up), and across the bridge from the presqu'ile.
The place was spotless and very well renovated/equiped despite being in an old traditional vieux-lyon building. Double pane windows help keep you from the buzzing of the students and tourist crowds, but yes the rowdy bar-goers of weekend nights can be heard.
Lovely experience and much recommended!