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.
elude elide elute eld elodea eluate elate elite
lude quaalude allude illude delude collude elude lute dilute pollute solute flute leud belaud laud oeillade slued elide cloud valued clued loud glued killdee mildew salute slide clade toluide roulade toluid flued glede glade bluet elute fluid bolide lade blade ballade volute dildoe tilde glide glute ballute blued aloud halide collide phyllode lode oldie childe