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.
valid vailed vealed vialed valued vialled veld felid fauld vault volti fluid flied valet voled failed veiled foaled valuta vaulty vallate folioed valuate phylloid velleity fled flit fold volt
valid halid sialid lid gillied sealed coaled iliad cullied flied belied auld jollied dallied colloid sullied baldy haloid loid laid lido lied bellied alit salad whaled yald waylaid sialoid shoaled dollied chiliad woald gullied collied allied toluid pallid rallied glide relied naled lilied solid plaid fauld slide sallied goaled paled meloid dialed ceilidh collide shaled pealed halide solidi sloid felid cauld relaid slid waled healed keloid plied weald fluid phylloid baled foaled vealed vialed bullied willied cheloid gallied haled gelid jellied bolide xyloid tallied bald hyaloid elide yauld
vail vale valley value veal vealy vial avail oval ovally