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.
metal meatal medal metol mettle mutual meetly medial meatily mutually medially modal motel model madly meddle medley mutely mutuel medulla modally medullae
foetal setal fetal hyetal metal chaetal petal wetly quietly luteal chital mutual ketol tall cattail medal meatal teal dotal fatal vital beetle coattail ritual stale steal dedal tale tala betel rattail ratal tael pedal natal tali metol ideal tail catalo notal retail cattalo hiatal meetly stall daedal detail total deal coital
meta met mead meadow meadowy meat meaty meet mete