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.
bialy biali bally billy bal bailey boil billowy bail bile bale ball bawl bill baal blowy bully belly bluey belay billow billie bailie bailee blooey bel blah bull bola bolo blaw blae blow blew blue boll bowl buhl bole bell
bialy vial gally illy hilly gilly riley daily sally dial rally really pial doily tally pally waly noily wily leally chilly mealy shaly gaily shoaly coaly vealy ally dually bally gayly billy filly biali roily dally silly dilly rawly rial phial pily wally paly willy oily chally lily shaley miaul shily bailey sial