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.
volute volte volt veloute valuate violate flute volti voled volta flutey valuta folate velate violet valued foliate vallate flout vault fluty flyte flued flite fluyt valet flauta foaled vailed vaulty fooled fouled fowled foiled vealed vialed veiled fallout fellate filiate folioed vialled phyllite velleity
lute solute elute pollute ballute volute dilute salute glute flute fallout mullite bailout solate dilate blate iolite vallate glout eluate glued lout gallate plutei bluet halite delete collate slued volte pelite sheltie chelate tillite dealate zeolite oolite sellout quaalude violate late palate valuta clued malate kiltie glutei folate lite gelate elite plate phyllite bolete elate flutey flyte lude blued bullate fluty saltie flout lutea elude flite alate glut flued relate illite pullout polite rollout fluyt allude clout valuate veloute valued illude blite slate velate slut fellate zlote delate delude collude toluate cholate hyalite
value viol viola voila voile vole volley ovoli ovolo