Alley \a(l)-ley\ as a boy's name (also used as girl's name Alley), is a variant of Alan (Old German), and the meaning of Alley is "precious".
The baby name Alley sounds like Olley, Allie, Aly, Juley, Olle, Wiley and Willey. Other similar baby names are Adley, Alleyn, Allen, Alfey, Algey, Arley and Atley.