Great location, close to both the old city and the beach. The apartment is very nice, newly renovated with great taste. One bedroom faces a slightly noisy street but the windows are quite well isolated and cancel out most of the sounds. The other bedroom faces a quiet back side. Both sides have large balconies. Our host Maria made us feel most welcome with lots of tips of restaurants and sites and a fridge with all the necesities.
If you are visiting Rethymno for both sightseeing and the beach this is a great option!