Because of your time constraints, I would purchase white blinds at Home Depot or Lowes. You can select the size needed and shorten them to the right length. That will control the view and light in the immediate future. When time and funds permit, I would then add decorative drapery panels that extend from the rod to the floor. They don't need to close, but will dress the window.

I agree. 2 inch white blinds at Home Depot. They are not expensive and easy to install.

I would shoot for 2 full-length side panels with sheers in the middle for privacy. It will make the window look larger and more important and help detract from the unit above.

I would purchase a Bamboo blind form a Home improvement store.Also i would buy floor length curtain for either side that coordinates with the bedding.

definitely wood-slat blinds (2"). No drapes, IMO.

For a quick, temporary fix, go to Home Depot and get a "Redi-Shade", blackout. They're paper accordian shades with a peel strip, and you just stick them to the window jam. They come with clips to hold them up for light.

Thanks everyone! Some great ideas here. Since the gap between wall and bed is pretty narrow, I think we'll end up (eventually) going with no drapes - hopefully along the lines of kswl2's suggestion. Much appreciated!

I am a big fan of wood slat blinds, but I believe the window is too small for 2-inch slats. I would go with a cellular shade. Or 1-inch slats. Or aluminum slats, which everyone here hates, but is perfect for situations like this.

aluminum slat blinds

I think ceiling mounted drapes, forward of the AC and tied back in the corners would be pretty.