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Joe D.... "constantly loud" is a good thing to get the baby used to. I have three kids... and we were always quiet as could be when putting the first one to sleep. Worst thing you can do! Because of what we taught her (silence at bed time), she always would be a light sleeper. Now, my son... the second child... we let him sleep anywhere and with any noise around him --- much easier! He can konk out anywhere.
As far as room... little babies don't need much. We always had our kids sleep in a cradle in our bedroom when they were babies.
I say stop worrying... enjoy the pregnancy... and enjoy the baby. Look for a bigger place when the timing is better. Don't sweat it.
Stick it out in the apartment. I bet one day you look back at the time in the apartment with the baby - and you think of it as the good old days. Thats my opinion.