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.
bleed bled blued baled bawled balled bowled billed boiled bulled belied bolled bailed bolete belled blet bullied bellied bold bald baldy blate bield build blood blade bleat blite bluet belaud bullet bolide billet ballad bloody belady boleti ballet ballade ballute bullate belt blat blot bolt
gleed bleed led fled gilled lewd fuelled bailed clued hollaed keeled ailed knolled voled bulled gleet boiled foaled pled healed roiled hilloed muled bolled jowled wyled hulloed kneeled glede helloed jailed heiled coled fowled fooled howled filed vailed jellied failed culled haloed cooled leet oiled gulled pulled lolled nilled vealed goaled lied riled ruled mauled celled delete tallied doiled palled toiled seeled relied waled sled tiled welled naled toledo wheeled wiled willied sallied woolled shaled shawled shilled dueled shooled yelled pooled mailed lalled dolled mewled killed coiled rallied slued dulled galled soled gaoled tooled souled wauled quelled delead pilled milled lead peeled daledh dialled vialed poled bowled leud haled flied shelled dilled called siloed flued railed lilied fleet holed pealed nailed miauled whaled willed tilled deled sailed mulled malled gullied heeled quailed colead chilled fouled nulled allied tailed fueled balled coaled gled fulled helled baled foiled hilled blued bellied cowled lulled reoiled guiled jelled billed killdee gillied vialled quilled belied hauled hailed yawled filled tolled plead bled reeled polled collied sleet rolled bolete doled sullied gelled bawled belled soiled holloed jollied halloed dollied bullied hulled felled walled gallied glued wailed veiled plied shauled piled paled nielloed knelled melled ceiled dallied teledu whiled shoaled cullied moiled valued puled rilled sealed soloed dialed duelled toled wawled wooled yowled
bale bile blae blew blue bluey bole able