Townlee \to(wn)-lee\ as a boy's name is a variant of Townsend (Old English), and the meaning of Townlee is "end of town".
The baby name Townlee sounds like Townlie and Townlea. Other similar baby names are Townly, Toney, Conley, Finlee, Henlee, Hanlee, Kenlee, Linlee, Stanlee, Tonie and Townleigh.