Would you rather live in a very nice apt/neighborhood and community with great features or in a good(but not great) place and save more money. I'm talking about renting so nothing permanent.

My situation - found an apt complex that is perfect. In the location where I've always wanted to live, within walking distance from most restaurants/bars/clubs I go to, new building, awesome resort style pool/bbq/lounge/club area (the best I've seen so far) and currently walking distance from my job(which may change in a few months but not sure and this is just a bonus). The apartments are also roomy for the area. BUT its at least 800 more a month than most other places (I'm splitting the cost so 400 more per person).

I pretty much have my mind made up but wanted to hear other perspectives and possible experiences.