What is a good word for "relax" in Spanish?
In English, we use "chill, rest, unwind," to describe relaxing....what are some words for this in Spanish?

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depends the context ur looking for .. heres 1  example ..
" hey.. relax, aint that bad " -->   "  hey .. relajate , no es tan malo"

dunno if this is what ur looking for but i hope it helps .. good luck !

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hey here you are a few words 
Vamos a tomar un "DESCANSO"
Podríamos ir a "RELAJARNOS" un momento antes del examen.
young people from Mexico says "Vamos a tomarnos un "BREAK(descanso)"

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if you want say relax to someone Just say" TRANQUILIZATE" =) or "TRANQUILO" for guys, "TRANQUILA" for girls and "TRANQUILOS" for a lot of people

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In Spain we use "relax" word too. But there are too many (because is a concept that the Spaniards do much use). You can say: descansar, reposar, relajar, "me voy a echar la siesta", "me voy a tomar el café", "me salgo a fumar el cigarro" (this two last very used at work)...

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well the word Relax have a different uses for the colombian spanish check it:

Relax is means.. to take control about something
or
to calm down(situation, myself)
to take it easy(when you got a bad situation)
to take a break(take a nap, or make an another hobbie)
it´s a synonym for Chill out just like this... Relax!