It's a great location with some great bars and restaurants very close by. It's easy to walk down to the French Quarter and it's enough outside of the hustle and bustle that you feel like a local. However, one of the single beds is terrible to sleep on (it sags so much that your body curves almost like a V and your back and bum end up resting on the box underneath - if you want a decent night sleep this bed is not for you). The internet is almost unusable - with it not working in any of the bedrooms and more than one person logging on at once renders it virtually pointless for anyone else.
Apart from that it really is a great apartment!