Ealdraed \e(a)-ld-raed, eal-draed\ as a boy's name is a variant of Aldred (Old English), and the meaning of Ealdraed is "old counsel". See also Eldred. The baby name Ealdraed sounds like Elldred, Eldrid and Alldred. Other similar baby names are Elfred, Elrad and Ellrad. View a list of the 2 names that reference Ealdraed.