I'm at the Phelps -- thanks for the tipoff, Alabama. It is a very good deal (and I almost crossed it off my list because the website omitted the efficiencies). I have Lytle Park, the P & G gardens, a private garden, and (when warmer weather comes) a rooftop patio all at my doorstep, and several snooty private clubs and the Taft Museum as next-door neighbors; it feels like an awfully genteel place for what I'm paying. But then everything else in downtown is still very accessible by foot, which keeps me in good shape! Gov't Square is a few blocks, too, although these buses seem incredibly slow for getting to neighborhoods beyond downtown. An hour to Norwood!
Fortunately, I can confirm that downtown and OTR (at least from Vine-Main) are hardly the warzone that various suburbanites and out-of-town visitors have described to me. In fact, just a couple hours ago (about 11 PM) I went on a leisure walk up Walnut to Liberty and back down Main. I've already crossed basically every street block in the CBD at all times of day and night and I haven't encountered anyone more menacing than your typical panhandlers who want a "bus fare to get back to Beechmont," etc. I can understand family-oriented people being overprotective of their wives and children, but any dude who can't go downtown after dusk is seriously wussy.