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.
bluesy blues blueys blousy boles biles bless bolus bales belles boules blowsy ballsy blouse belies bowless bellies bullous ballies billies boulles baileys bullies bilious bialies bailees bailies bels bals bills blaws balls blaze balas buhls bulls balsa blase bowls bolos boils bails bawls baals bells blows blahs bliss bolas bolls boughless belays belows bialis bialys blowzy boylas bylaws bellows billows bullace
bluesy louies tules slues pules gules lousy lues blousy blues blueys boules flues fuels values jealousy joules caules clues glues mules rules duels yules
blue bluey bale bile blae blew bole able