It is located in the Colonia Centro district of the Cuauhtémoc municipality of Mexico City, on Tacuba street west of the main square in downtown.

[4] The station is named in honor of general Ignacio Allende, one of the principal instigators of the Mexican War of Independence of 1810.

[2] The station opened on 14 September 1970 as part of the second stretch of Line 2, from Pino Suárez to Tacuba.

In order to change platforms at Allende one has to exit the station and cross the street, thus making it necessary to pay the fare again, a feature only shared with Metro Tezozómoc in Line 6.

From 23 April to 24 June 2020, the station was temporarily closed due to the COVID-19 pandemic in Mexico.