It is endemic to the coastal regions of the Atlantic Forest biome of eastern Brazil.

It is threatened by habitat loss and possibly chytridiomycosis.

[1] The natural habitats of Allobates olfersioides are primary and secondary forests.

It is a diurnal frog that lives on the forest floor.

Tadpoles are carried by the parents to puddles or small rivulets where they feed until metamorphosis.