As a new dad i thought i would add my bit.
We looked at video monitors, but decided againt it as
1, expensive
2, got to have a stable internet connection at home, so no good when i go visit family and friends where i sometimes have to stay in a hotel. or my mums place where she has no internet.
We decided on this unit which we got for £50 from home and bargins
http://www.boots.com/en/Tommee-Tippee-Closer-to-Nature-Digital-Baby-Monitor-with-Sensor-Pad_1180346?CAWELAID=761715074&cm_mmc=pla-_-google-_-Boots+Beauty-_-Beauty+-+PLAs&kw=%7Bkeyword%7D&cagpspn=plaIt is superb, simply to use and easy to hear the little one.
As for running up and down, well we have a moses basket in living room as well, so when she goes to sleep during the day she is in there. We only use her moses basket in bedroom for night time, so she knows difference from night and day. We only use the unit at night when she goes to bed. All babies will gurgle and disturb during the night and they will let you know when they are up when they cry, thats when you go check, and the occasional check during the evening.
No need to run every time you hear a wimper, but you will learn that from experience.
Good luck my friend.