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You also have to share walls, floors, ceilings with neighbors when you have a condo. No different than an apartment in that respect. If you buy one and get next to pain in the butt noisy neighbors you're stuck.
My friend bought this wonderful 1,800 square foot condo with a great view, location, etc. She was one of the first ones in. Her loan payment was about what she'd be paying in rent each month for a smaller place. Anyway... 3 months later someone buys the unit next to her. Her livingroom/dining room wall shared with theirs. These people are LOUD. You can hear them talking, hear their tv, stereo. They literally stomp up the stairs. My friend is already thinking about selling.
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