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.
blite blate blight bolide bolete belied blighty ballute blot blet bullied bolt bellied bled belt blat bullate bluet bleed baled blade bleat blued built bloat bullet bailed bowled bolled boleti ballot bawled blotty balled billet billed belled boiled blotto ballet bulled balata bailout ballade bald bold
blite halite elite tillite flite zeolite mullite hyalite pelite polite illite lite phyllite oolite iolite lit plate lied malate allied alate bullate bolide gullied glute belied ballute galiot collied sallied polity litu jellied kiltie bellied galliot flit jollity solate sheltie chelate vallate tallied dollied dilate delate daylit zlote slide oldie relit salute collate foliate relate flyte gallied elate velate rallied sullied lilt quality flied filiate ciliate lilied late reality blate flute gelate volute palate lute cullied bullied alit folate violate jollied gillied nullity fellate collide gallate elute volte plied bolete halide elide glide relied pollute saltie tallit slate slit solute palliate dallied dealate delete dilute duality willied cholate plait