Alfy \a-lfy, al-fy\ as a girl's name (also used as boy's name Alfy), is a variant of Alfreda (Old German, Old English), and the meaning of Alfy is "elf or magical counsel".

The baby name Alfy sounds like Alvy, Allfy, Alfi and Alfa. Other similar baby names are Alby, Ally and Aley.