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.
belauds beladies bields blades ballads balds bolds ballades belts blats bleeds builds bloats bleats bloods boletus balatas bailouts blets blots bolts blites bluets baldies ballets ballots billets blights boletes bolides bullets
lauds belauds lads deludes blades glades reloads plaids illudes oeillades ballads salads tuladis flatus fluids coleads faulds clads eludes caulds quaaludes alludes ballades ludes clouds pleads payloads miladis glads colludes lades iliads clades leads leuds loads geladas roulades deleads toluids chiliads