We had a studio apartment for 5 nights. We read up on the available information beforehand and we were well aware of the low standards so I am in no way disappointed that the apartment was exactly as advertised.
We booked a stay here since we thought we could save some money and you are probably thinking of staying here for exactly the same reason. I must emphasise: Be aware that the low standards of this place are in fact just as low as advertised. This is a cheap alternative, but it is not a place to get a good rest at the end of the day when on holiday, this is basically a room to exist in.
The biggest problem with the room is that it is insanely hot, there is no ventilation, no AC and no way of opening the windows enough to get some air in. I repeat, the room is insanely hot around the clock with no way of cooling it down. The bed is like sleeping on a hard brick, the door is made of paper so you can hear everything from the corridor around the clock and the windows are not soundproofed in any way so you can hear seagulls all day. Now these things would not be so bad if at least the room was not so hot, but all these things together (although exactly as advertised) does not allow you to get a good rest.
The service was great and there is full transparency regarding the standard, just be aware that the money you save by staying here you do pay for with lost sleep.