Alvy \a-lvy, al-vy\ as a boy's name (also used as girl's name Alvy), is a variant of Alban (Latin) and Alvin (Old English), and the meaning of Alvy is "from Alba; elf or magical being, friend".

The baby name Alvy sounds like Alfy and Alva. Other similar baby names are Alby, Algy, Aly, Alvyn, Arvy and Alvys.