Yep. I know two people who moved to the country and are paying almost half the amount of their previous single-bedroom rent on a big, three-bedroom house.
I live in student housing, there's fucking damp and shit, we all share a shitty shower and it looks like it hasn't been decorated since the fucking 80s.
I'm paying £53 week for a semi-detached with garage,own shower and a double bed room for 1 term a year, It's ~£90-£120 per week per person for a comparable house 10 min cycle closer to the city centre(Coventry). Most of my mates pay more and get less, I think mainly because they went with the university to find accommodation rather than going to a external estate agents.
Basically when I graduate I can either move to London, get some boring job, spend my days commuting and my nights worrying about how I'm going to pay the WTF expensive rent ect or I could just move to Thailand and be treated like a deity or some shit.
That always makes me laugh. And you're both right. I found that one is more likely to have disdain for London if raised there; and for the country-side, vice-versa.