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.
ballade ballad blade balled ballet bald bullate ballute blate baldy baled belaud bolide bailed bullet balata bawled ballot belled belady bulled billet bolled billed bullied bellied blet bold blat bled build blued bleed blite blood bield bluet belied bloody boiled bolete boleti bowled bailout
ballade oeillade lade phyllode collide collate clade illude hollaed vallate fellate collude bullate blade ballad allude gallate killdee glade roulade lad