Though the Bahama Village neighborhood is definitely urban, it's generally safe and full of character. It is a nice area over by the restaurant called Blue Heaven. Rates for rental rooms around the islands go from darn cheap to primetime. It's a great place to crash if you're traveling on the cheap. Try cayo hueso guesthouse, one of the cheapest in town. They have some cheap rentals in the guesthouses by downtown Truman Annex.