I'd like to be as transparent as possible for anyone considering staying here:
Place - While the building is a bit older, the apartments are incredibly clean and comfortable.
Location - The location seems generally safe, but in a bit of a rougher area. It seems to be right between a nice part of town and rough part of town, but everyone outside seemed friendly. I also wouldn't consider it to be "walking distance to the French Quarter or Bourbon St.", but it's not far of a drive at all.
Neighbors - Every apartment in the entire building seems to be used as an Airbnb, and our neighbors next to us and below us were extremely loud all night long. Keeping my pregnant wife and I awake the entire time. So we decided to cancel our reservation early after the first night and book another place for the second night. If you plan to party, then this place is perfect for you. If not, then I would recommend looking elsewhere.
All in all, I think it's worth the value, just as long as you're fully aware of the details ahead of time.