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.
bailies bailees baileys bialies billies ballies bails bales biles belies bialis bals bellies bilious bullies balsa bawls boles balas boils bliss baals bless bills blues balls belles bluesy boules ballsy bialys blueys bowless billows boulles bels bowls blaws boughless blase bulls buhls bolas blaze bolus blahs bolos blows bells bolls boylas belows blouse blowsy blousy belays bylaws bellows bullace bullous
lilies dailies chilies doilies bailies lies billies bullies goalies aiolis ghillies jollies lieus cullies fellies filles dillies dallies sallies flies molies mealies rilles hollies ceilis bailees ballies wallies milieus dollies chillies collies polies challies woolies tallies wiles wheelies tuilles allies gillies doylies tiles lollies muhlies gullies piles relies sullies follies pilis files tellies jellies dellies sillies rouilles ghoulies baileys bellies colies holies guiles belies miles ileus nellies gallies plies mailes coolies fillies rallies milles cilice walies chiles failles biles mollies kellies bialies bialis pileus riles voiles toiles killies wellies whiles tailles willies woollies doolies chilis chillis les lis
bailie bail bailee bailey biali billie bal