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.
bale bal bailee bailey bailie bail bawl ball bile blue blae bole baal blew biali bally bialy belie boule belle bluey blooey blooie billie bullae boulle bel buhl bolo bell boil bill bull blaw blah bola blow bowl boll belay belly below billy blowy boyla bulla bully bylaw
ale rale whale wale tale dale sale pale bale male quale kale gale hale vale shale al