I did that as well, but that was close to WDW within a half a mile. Rented a 6 bedroom villa with screened in pool and jacuzzi. But, that was an area I was familiar with not a random area in the city. Yes, there are a lot of things to see in those European areas, but nothing as specific as WDW would be. And we were renting it from the states, with no idea where they were and what condition they might be in.
BTW, the villa for our Disney trip was beautifully furnished with laundry, full kitchen, dining room and play room with a pool table and air hockey. It even had an extra room with a working computer. Every bedroom had a flat screen TV and there was one in the living room as well. It was a great deal when you are housing 11 people (4 children). We only spent 4 days in the parks and went to other things in the Kissimmee area and Kennedy space ctr. I went there ahead of everyone else with my car along with my friend. I purchased, ahead of time all the 7 day park tickets, and 2 additional car rentals and round trip airfare from Vermont and back for 7 of the 11. My sister paid for her and my nephews airfare on her own. Total Bill = $7200.00. Not counting food, because we all bought our own food. This was in 2008 when all tickets never expired. It left all of us with 3 days that we all used over the next couple of years. I don't remember exactly the name of the agency that I rented through. For some reason All Stars seemed to jump into my mind, but Disney has an All Star resort I think. I do remember it was right in the area where the China Theme Park was located on 192.