Caralyn \c(a)-ral-yn, car(a)-lyn\ as a girl's name is a variant of Cara (Latin, Irish, Gaelic) and Caroline (Old German), and the meaning of Caralyn is "beloved; friend; free man".
The baby name Caralyn sounds like Caralin, Carlyn, Carolyn, Karalyn, Carilyn, Caralynn, Caralyne and Coralyn. Other similar baby names are Charalyn, Laralyn, Maralyn, Saralyn and Taralyn.