You cannot find a better location if you are looking to be in the middle of the French Quarter. You are right off of Burbon Street so there is often background noise/music (but nothing terrible - If you have trouble sleeping I'd suggest bringing earplugs) and can literally walk everywhere.
Place was cozy and cute. Three of us stayed there for my 40th birthday weekend and it was just the right size for our group.
Water randomly went out the second day we were there - contacted the host and it was fixed within a couple of hours! Great response time. Would recommend and would certainly stay again!