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.
eluded elided eluted elated
alluded deluded eluded illuded clouded lauded belauded colluded solitude fielded flooded plaided balded deleaded glided polluted bladed sledded flouted welded luted melded collided elided builded bielded molded diluted wielded bloodied shielded folded wilded loided fluted gladded saluted eluted moulded blooded leaded glouted loaded louted laded voluted pleaded beladied clouted plodded cladded milded lidded plateaued reloaded gelded gilded yielded
elude eld elide elodea eluate elute