It was named in honor of Field Marshal Viscount Allenby.
During the day, it is a commercial street with many small businesses and clothing stores.
At night, its cafés, pubs and restaurants throng with people.
The 1925 Lederberg House, at the intersection of Rothschild Boulevard and Allenby, features a series of large ceramic murals designed by Ze'ev Raban of the Bezalel school.
The four murals show a Jewish pioneer sowing and harvesting, a shepherd, and Jerusalem with a verse from Jeremiah 31:4, "Again I will rebuild thee and thou shalt be rebuilt.