http://en.wikipedia.org/wiki/Sound_Transmission_Class#Sound_...
The apartment buildings I've lived in without central A/C (in Atlanta and San Francisco) were consistently quieter than the ones with central A/C. Underfloor radiant heating and wall A/C units might be a better way to design apartment buildings. Removing climate control from the access corridor and letting it vent to the outside would reduce the need for sprinklers and complex ventilation. This is slightly less energy efficient, but apartment buildings are already way more energy efficient than houses, and anything that makes apartments more livable can increase the efficiency of the whole society by increasing people's willingness to live in apartments.