Our experience can be summed up in 2 bullet points:
1) The place definitely affordable for the location and number of beds in the apartment. It definitely served our needs as we didn't spend much time there, and I would definitely stay here again.
2) The place was quite small, and the living room and kitchen had very little space to be in or move around. You get what you pay for, however, and it is a great deal for an apartment in a great location. Just don't expect everyone to hang out in the living room.