The increasing rate of urbanization being experienced around the world is often touted as an indicator of economic boom without an adequate analysis of how it has become a recipe for insecurity. This paper explores the impact of socioeconomic factors on the increasing level of insecurity in urban areas. The paper further argues that urbanization experienced in Nigeria and Rivers State in particular is often driven by the search of greener pastures by rural youths, without any adequate plans by the government and other policy makers. The concept of insecurity as explored in the paper refers to a state of fear or anxiety from a perceived lack of protection. Using the relative deprivation theory, the paper further argues that when the urban poor compares their situation with those who appear more disadvantaged, there is an increased likelihood for them to take up crime and violence to improve their socioeconomic conditions. Finally, the paper advocated for improved planning of urban centers and the provision of socioeconomic opportunities to ameliorate the conditions of the urban poor as a recipe for reducing the spate of insecurity.