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.
bullied bulled bellied belled bullet balled bolled billed belied bled bullate baled blued bield blite bleed build ballet bawled bowled billet ballad boiled bolide bailed ballute ballade bold blet bald blade blood bleat baldy bluet blate built bloody bolete boleti ballot belady belaud blight blighty
allied tallied rallied dollied gillied jollied sullied gullied willied jellied collied dallied bullied sallied bellied gallied cullied lied lilied balled helloed mulled helled galled fuelled filled celled nielloed melled gulled polled called dilled holloed dolled quilled jelled dulled shilled chilled belied plied welled tolled tilled pallid killed knelled pilled nulled phyllite relied hulloed lulled flied hollaed vialled pulled hilloed gilled knolled rolled bulled belled milled culled gelled palled mullite collide quelled lolled illite nilled lalled willed colloid hulled halloed billed dialled fulled phylloid bolled folioed malled rilled hilled duelled felled tillite walled woolled shelled yelled led lid
bull billie boulle bulla bullae bully abulia