The Allatoona Lake region supports a diverse flora and fauna. Aquatic plants include alligatorweed, coon’s tail, waterweed, while common species of trees comprises  bald cypress, water tupelo, red maple, sweetgum, water ash and water oak. An abundance of fish can be found in Allatoona Lake, including carp, spotted sucker, redbreast sunfish, silver redhorse, spottail shiner, channel catfish, gizzard shad, yellow perch, largemouth bass, smallmouth bass, walleye, bowfin and silvery minnow. Bluebirds, purple martins and wood ducks, common flickers, eastern screech owls and Canada goose, along with the endangered species of the peregrine falcon and American bald eagle can be spotted in this lake region.

There are several activities that can be enjoyed on Allatoona Lake and its surrounding area, including camping, biking, fishing, swimming, water sports, boating, canoeing and kayaking, wildlife watching, hiking, horseback riding and camping. The quiet, serene atmosphere of Allatoona Lake is inviting to say the least.