If you're looking for a bargain, this is a great place. It was very Hostel-like, a number of rooms with two shared bathrooms, and filled with visitors. The bedrooms are pretty bare, but since we only slept there, it worked. The only thing I'd caution is for those with allergies, the ventilation wasn't great and the windows didn't have screens. Hosts were very nice!
Also, Treme isn't too far from the French Quarter, though not a distance I'd recommend walking at night. Really easy and cheap to Lyft back and forth though.