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.
bauds buds bads beads bawds badass beauts buts buddies battues bods bids bats baddies beds bawdies beauties betas boats batts bahts bides bouts beats bidis bates butes butts baits botas bodes beauteous buteos biotas bodies bedews bettas buttes beedies biddies boodies butties bawties bets bits bots
bauds lauds yauds mauds gauds ads muds lades vatus gads heads quids nadas ghauts kudus feuds ouds mauts ludes rudds leudes leads padis bawds puds meads loads reads fades dados shads chateaus woads wadis udos tauts duds duads dauts sudds rads sudsy quads sadis leuds qaids raids fads kadis nudes fados caids ados maids quods judos bads gadis adds cades cuds readds hades jades lads naiades kudos qadis buds gudes fuds taus meatus guids pads aids naiads kneads cadis hiatus mads sades judas suds cads dads dadas beads deads goads saids tads toads beauts wades wads roads chads shades dudes gateaus
baud bad bud baddie baddy bade bawd bawdy bead beady beaut beauty buddy