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.
bluet blet bleat blued ballet bullet bolete boleti billet blot bled ballute blat bailout bolt belt blite built baled blade blate bleed bloat billed bolled belaud ballot bailed belled blotty balled boiled bowled blight bawled balata bolide blotto belied bulled ballade bellied blighty bullate bullied bald bold
bluet let fluyt muleta valued callet violet howlet bleat blet elude blued fallout pullout clout billet fillet flout flute boleti owlet bolete glute willet sallet toilet delude gallet solute slued sellout mallet pallet culet rillet glued gleet pollute quaalude collet piolet ballute ballet lude flued fleet filet bailout cleat pullet elute bullet mullet lute allude volute valuta illude valet millet fluty leet lout pellet palet clued gullet pleat galleta glout relet collude quillet glut salute sleet slut cullet delete dilute rollout wallet chalet
blue bluey bale bile blae blew bole able