It's a tradeoff. For many renters, this is the single most important consideration. All these questions should be carefully considered. Many observers believe location is a more crucial factor in the city than in the suburbs. Location is much more important in the city, and so is the view.
Parking is a huge consideration for many car-owning renters.
In most suburban properties, parking is free and easy. Not so downtown. Check out the availability of parking both during the day and at night. You may be wowed by the vaulted ceiling, crown moldings or fireplace in the apartment you're considering. But look beyond the cosmetic features to make sure the unit will really meet your needs over the long haul.