Ricky \r(ic)-ky\ as a girl's name (also used as boy's name Ricky), is a variant of Erica (Old Norse), Frederica (Old German), Rica and Rickie, and the meaning of Ricky is "forever or alone, ruler; peaceful ruler". See also Richelle.
The baby name Ricky sounds like Rikky, Ricki and Ricka. Other similar baby names are Nicky and Vicky.