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Tough apartment choice!

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I'll start this post by saying that yes, I know, in the end the choice will be mine and that everyone values different things, but it helps me to think through and land solidly in my choice by hearing what YOU would choose if faced with this exact choice and also why you would choose it. Here's the story. Forgive all the info but it might be important for you to help. If not, just skip to the last 2 paragraphs.:

This is my 5th time to Paris in 7 years and will be our 3rd apartment rental. I've stayed once in the Latin Quarter, once in Le Marais (right near St Paul metro) and twice in Montparnasse, which was our favorite location. Both times in the Montparnasse area we were very close to good metro options. Sadly, the last apartment we stayed in was not available for our dates when I started looking last June for May 2012 or we would have gone back to it.

After much hunting we decided on this apartment
because it was spacious and had a real kitchen and was incredibly cheap (572E for 9 nights, all included.) We reasoned that we'd been to Paris many times by now and that it might be fun to stay in a residential neighborhood even if it was a bit of a schlep to the "action." It seems that it's about a 7-10 minute walk to the closest metros (someone please correct this if I'm wrong?!) Convention or Pleasance. The communication with the owners was great, easy and a $200 check was our deposit which they will not cash and will hand back to us when we pay the whole amount in euros/cash the day we arrive. All set.

But as the months passed my husband and I started having second thoughts about being so far out from the city center, and not near any convenient metro (although maybe buses are better options? We don't know the bus system well.) We also started to think about a new modern building in a newish neighborhood that doesn't have that "Paris" feel that we love so much vs an older building in more of a "romantic" Paris setting and we started to regret not going for something more central and spending the extra money.

So I started checking rental sites again about a month ago and of course, by now, there are not many good choices left for May without spending a ton more money. But then yesterday I found a brand new listing that looks pretty great: This one is available and will cost 900E total for our 9 nights (plus we'll likely lose our $200 deposit on the first apartment.) So we've figured out that at today's exchange, with everything included, the second apartment will cost us about an extra $500.

So the pros and cons of each apartment as I see them (this is where I'd love to hear from you!!) Pros: cheap,, more spacious, good bakeries and neighborhood restaurants that we're interested in that we wouldn't travel there for if we didn't live near there. CONS: only a double bed, far from the center, modern seemingly dull neighborhood, longish walk to not so convenient metro. Also, this building has an elevator and the other doesn't but we really don't mind the stairs (I don't think!) PROS Queen sized bed, heart of Paris but quiet apartment, close to many metro options, charming building and neighborhood
CONS: More money, less space, 4 flights of stairs.

I'm looking forward to hearing what you'd do and why. BTW, we can afford the $500 but want to feel like it was really worth it to spend that extra money. And, if this apartment had been available in my original search, we would have taken it, no doubts. At that time, all the studios I saw in this price range were really cramped and really ugly with rickety cheap looking furniture, mostly fold out couch beds and no where near as well located.

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