I've taken a list of English words, and examined each of them to see what they sound like (using the PHP metaphone function). This page lists the most common metaphone codes, along with their words. You can also search for a word of your own, and see which words sound similar - and which ones rhyme, and which ones alliterate.
libido lobbied lobed lubed lobbed labiate
libido bid bide bidi abide babied cuboid lobbied rabid rebid rubied cebid ceboid subito tabbied tabid