Rayne \ra(y)-ne\ as a girl's name (also used as boy's name Rayne),  is a variant of Raina and Rayna (Scandinavian, Israeli), and the meaning of Rayne is "counsel; song". 
The baby name Rayne sounds like Rayney, Raine, Raene and Raynee. Other similar baby names are Dayne, Jayne, Layne, Payne and Raye.