We stayed at Alex's place for Mardi Gras weekend and had a blast! There is plenty to do in walking distance of the air bnb and we felt safe in the neighborhood. The air bnb is on the Endymion parade route so it was super nice to be right there and have access to a bathroom easily. It's not within walking distance of the French Quarter area but ubers were available and it is on the street car line.
I would highly recommend this place if you're looking for a great Mardi Gras spot not directly downtown!