I lived in deming when I was a grad student, so here are my 2 cents.
pros:
-you are literally 2 seconds away from school/hospital.
-fairly reasonably priced and everything's included (furniture, electricity, internet, and water)
-you have a place to nap and make food between classes.
cons:
-parking. i had a pass to park in the hospital garage. forget about leaving during the day cause you'd never get a spot back. i can't remember what it costs though. i would always have to drag my groceries through the hospital as well.
-most friends lived uptown, so i'd have to drive up there all the time anyways to hang out and do stuff.
-very dorm-ish with tight quarters. can't really have get togethers etc with more than like 4 people.
-looks sterile and institutional.
i did it for the same reasons that you want to. i didn't know anyone there and it was easy. i got a random roommate and we shared a 2/2. generally, it worked out pretty well, but i don't think i could have lived there for longer than a year.