Peony \pe(o)-ny\ as a girl's name is pronounced PAY-uh-nee. It is of Greek origin, and the meaning of Peony is "praisegiving". Flower name. As a Chinese name motif, the peony signifies riches and honor.
Baby names that sound like Peony are Penny, Benny, Penney, Penna and Pen. Other similar baby names are Tony, Deona, Denny, Deon, Jenny, Genny, Keona, Leona, Leone, Leoni, Peggy, Peppy, Perry, Renny, Teona, Teoni and Teone.