I chose this place because I was spending my summer in Austin for an internship, and I wanted to make friends quickly. Definitely this was the right move. It's easy to talk to people, and if you ever feel lonely, just hang out in the common areas and you'll meet someone new. Sometimes somebody would organize trips, and often people would invite one another out to the bars or movies. It's a great community of people and it's always sad when people leave. But it's totally worth your stay even if you're only going to be there for a couple months. However, if you don't want to socialize then I don't really see the point of staying here, although people do that too.
There are nice common spaces such as the patio and the lounge, and there's a movie room as well with Netflix, HBO, and DVD and VCR players. These areas are where most of the action happens--if you find yourself with nothing to do, hang out here and something interesting is bound to come up.
Just be aware of a couple things. One is that there is one common kitchen, so you'll have to share the space. However, you get your own cubby in the pantry to put non-perishables, and there are several fridges that you can find a corner in to put food and drink. The other thing to be aware of is CATS--if you are quite allergic then this might not be the place for you. I am somewhat allergic and it wasn't a problem for me--just take note of what furniture the cat spends more time on.
Great location, walking the neighborhood at night was no problem. Downtown is a 15 minute drive south and you can just take Guadalupe to get there. There are some nice coffeeshops and bars nearby that macro people frequent (Workhorse is a fun one). Lots of young people out jogging or walking their dogs. It's pretty comfy. However, we did have one incident while I was there when a couple burglars tried all the doors of our cars--so keep your car locked. Since then macro installed another camera, so there are now three cameras I think. There are cameras inside the building as well.
All in all this is an awesome place with awesome people. If you have the right attitude and go out of your way to meet people and take part in events, you will have a good time and will leave with good memories.