I've lived here for seven months now and am pleased. Yes, you hear your neighbors, smell their cigarettes or cooking, etc. I think that's part of apartment living that you must accept at this price level. Everything is clean and well maintained. The neighborhood is quiet (never once seen a police car here). The staff responds quickly to any requests and are always friendly.
I have two negatives: Water flow rate and Cable TV service. The water flow rate is poor. I notice this most in the morning. The water flow drops and sometimes stops completely; this is very inconvenient when I'm in the shower. The cable TV & internet service is bad too; the signal is too weak so the TV often drops out for a half hour or more and the internet slows way down.