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.
gnat gnatty neat natty net nut nit not nite nada nowt nota knot newt knit nett note knead knout naiad netty nitty nutty