His estate, Mount Airy, is the source of the surrounding neighborhood's name, was at the top of the hill where Allens Lane meets Germantown Avenue.

Colloquially, the Allen/Allen's/Allens variation persists in local speech, such as when train conductors sometimes announce the stop as "Allen's Lane".

[citation needed] On February 14, 2022, Allens Lane was re-attributed to Richard Allen, (1760-1831, a minister, educator, writer, and one of America's most active and influential Black leaders) by resolution of the Philadelphia city council, facilitated by the efforts of State Rep. Chris Rabb (PA House 200th).

[4] Allen Lane station underwent a two-phase restoration and renovation project in the late 1990s and early 2000s.

The second phase, which included the construction of high level platforms, a rebuilt pedestrian overpass, and accessible ramp, was completed in 2011.