I initially used a "Moses Basket." Until my son grew out of it... at about 3 months. Then he went in a crib. The one my daughter used. He slept in our room too. It was fine.
I LOVE the Moses Basket. My son loved it. He slept well in it and you can take it anywhere in the house without waking baby and keeping it near you.
I got mine from Amazon.
A play-yard... with that you will really have to bend down, bend over to reach for the baby... it can be h*** o* your back.. and especially as the baby gets older and heavier. I know lots of people use the play-yard as a "crib".... but I don't know how comfortable or suitable it is for long term use and for baby.
All the best,
Susan