I chose a 1BR with three closets because it's in a neighborhood I like and close to my job. I've found that I've been able to get rid of lots of stuff that I don't really need. I use storage chests as end tables, my coffee table is a storage ottoman, I keep linens and spare blankets in under-bed storage. I have patio benches on my balcony that double as storage. It's not ideal -- I would love a second bedroom to use as an office/bike room. But the convenient location is important, and worth it.

Just my $.02.

What does your gut say?