If you stay here, keep in mind that you get what you pay for. There is a reason it is cheap. The condo was not in good shape--there were holes in a wall and a door, and one of the toilets had a broken fill valve so it ran all the time. The full bed was extremely uncomfortable, to the point where my friend got very little sleep during our stay. The king bed was decent. The primary bathroom had a dirty bathtub, and the whole place could use a deep cleaning. It was difficult to get the front door to latch, and the primary bedroom door was tough to close as well. Sheets and towels were clean. Also, the wifi was extremely slow, and it might be unusable for some.
The apartment complex was safe but dirty. The condo is located next to Chinatown, so there is some great food within walking distance. Most people will still want a ride to the Strip, so be prepared for that expense. Drivers had a difficult time locating the building as the address on the side of the building is easy to miss.
Also, it was difficult to get a response from the host. I had to ask twice for the check-in instructions. I also misread the address and missed the condo number, and when I asked her for it, I got no response. Finally, after thanking her for letting us stay at her condo, I received nothing in return. I was not expecting someone who can respond at all hours of the day to every request, but a quick message to say "the condo is number XX" would take very little time.
Oh, and the walls are very thin. For example, I could hear a phone vibrate in the condo above us. If you are a light sleeper, bring earplugs.