I actually have a similar commute right now (more like 5 minutes by foot). My apartment is just a block away from the office.
As an aside, if you ever find yourself in a situation where it's possible to do this, I highly recommend taking the plunge, even if it means paying a bit extra in rent. It's been life changing for me.
I completely agree, being '2 minutes away' or so is absolutely life changing. Sure, I laugh with everybody else when I see a $10,000/month, 250 square foot apartment in the center of wherever, but there's a reason it's worth that much. Location really does matter.
My daily "commute" is a few hundred feet, and it's really changed my life. "Ugh, I've got to go to _x place_" suddenly sounds ridiculous when that place is a 3 minute walk away. You can wake up later, have more time for everything else in life... it's very nice. Sure, you might have to take a smaller place, but I'd rather have a small place that I can spend time in than a large place I never see.