That is a very nice apartment but I can see your dilemma with the windows/door. I think you need to have some sort of drape/curtain that you can close for privacy. I would probably treat the entire area as one. You could install a traverse rod that would stack the drapes to each side during the day and then you could close them in the evening. If you do a double traverse rod you could have sheers on one rod and drapes on the other which would give you more options in your decor and style. However, I can also see an expense issue with that much wall to cover and it being a rental. Another option would be to use valances or roman shades (hung close to the ceiling so as not to block any of the door or window). Since valances would not help with privacy, you would still probably need to have blinds of some sort.

I have no advice to offer, BUT wanted to say I love sock monkeys! Cool name!

going all the way down to the floor on the window side could be a problem with the baseboard heat...or not? Seems to me it would.