HMS Lily was a 16-gun built for the Royal Navy during the 1830s.
Lily had a length at the gundeck of and at the keel. She had a beam of , a draught of and a depth of hold of . The ship's tonnage was 432 <small></small> tons burthen. The Racer class was armed with a pair of 9-pounder (or 18-pounder) cannon and fourteen 32-pounder carronades. The ships had a crew of 120 officers and ratings.
Lily, the fifth ship of her name to serve in the Royal Navy, was ordered on 10 July 1832, laid down in December 1835 at Pembroke Dockyard, Wales, and launched on 29 September 1837. She was completed on 12 March 1838 at Plymouth Dockyard and commissioned on 15 December 1837.