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.
palette pallette paillette paleate palet palate pallet pileate paled plate pleat palliate pealed piolet palled pellet plotty plutei pullet polite pelite plateau pollute pled plat plot pelt platy plied puled piled pilot poult plead poled plait peeled pilled pleiad polity polled pooled pulled pallid payload pullout
paillette galette palette toilette roulette pallette maleate pileate paleate oleate galeate culotte bolete lotte latte delete calotte let