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.
bialies bialis billies bailies ballies bales biles bialys belies bals baileys bilious bailees bellies bullies bills bails boils balas balsa bawls boles baals bliss bless blues balls bluesy boules ballsy blueys belles bowless billows boulles bels blows bolos blahs boughless bulls bolas blase blaze bells bolus buhls bowls bolls blaws boylas belows blouse blowsy blousy belays bylaws bellows bullace bullous
bialies mealies walies goalies lies ales cullies bailies realise kales pales hollies milieus rallies calesa gales follies jellies tallis caulis lieus hales dales fillies belies haoles kellies valise sullies mollies doylies mailes chillies tales challis chalice dollies woollies willies gillies whales wallies sallies falsie nellies ballies dallies billies lilies dillies relies wales polies malice bellies collies kayles males bialis realize fellies gallies rales caules colies palais galeas jollies killies allies alias flies bullies holies vales ghillies ghoulies aaliis molies haloes plies dalles gullies values sillies aloes dellies muhlies dailies lollies doolies sales coolies reales tellies doilies wellies wheelies dualize woolies chalehs tallies challies chilies bales shales les lis als