Meadow of the roe deer
Raeley is a modern American invention, likely created by blending the name Rae with the popular 'ley' suffix. It is often interpreted as a variant of Raleigh or Riley, which derive from Old English elements meaning a clearing or meadow where deer congregate.
Less common today
Raeley isn't in the latest US Top 1000. It last peaked at #6,535 in 2008.
US births per 5-year period, 1990βpresent (SSA data).