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.
lutes luteous louts ludes lattes leudes lottes lits lots lutz lets laities lats lotas loots leads lodes leuds litas lades lauds lotus lotos leets ladies lotahs lottos lyttas laddies lattice lettuce lads lids
butes sautes mutes cutes jutes routes shutes lutes utes chutes uts fouettes quotes fyttes bates ludes patties notes mottes cooties butts mattes hates gates buteos knouts duets beauties dauties putties cotes metes teas cuts ates coatees pities tews boites dues booties outs mates bouts phuts tees buts rotes suites lottes shotes dites teds tatties titties cetes touts tuts pieties sties tutus whites nutsy whities suttees chitties mateys duties ghettoes lattes dotes cutties jetes gutsy sites laities puttees juts catties cities pouts gites vetoes butties fates goatees potties hotties ties footies suets buttes louts writes dudes putts cutis beauts stews fatties cates jetties ruts puts muts nudes mites dates dauts dawties bites mauts ghauts battues pates huts gaieties wytes cuties cutesy reties quits poetess kites gouts votes kytes sates tauts motes tets moieties nites gudes guts fetes nates bytes cites suits kitties mutts leudes mottoes jutties autos bootees toes cuteys rites settees totes routs tutees tutties rottes utas nuts rates ditties duits whiteys deities wites bawties shouts tates shuts
lute lutea slut plutei glute late lite lout lude blued bluet flued elute flute flutey fluty clued glued glut glutei slued slutty