Penney \p(en)-ney\ as a girl's name is a variant of Penelope (Greek) and Penny (English), and the meaning of Penney is "weaver".

The baby name Penney sounds like Pennee, Benny, Bonney, Pennie, Penna, Penee and Peony. Other similar baby names are Jenney, Conney, Danney, Denny, Deney, Fanney, Jenny, Genny, Jennee, Nanney, Jennay, Janney, Pansey, Perrey, Reyney, Rennay, Reney, Renny, Renne and Ronney.