I can't at the moment, I'm sorry! ):
I just broke up with my partner and I need more time to heal. (it's corny but works)
I want to focus on my studies/work at the moment. :/
I'm not interested in relationships right now, sorry!
I always use 'sorry' or ): just to soften the rejection. Kii! Sometimes if people ask me out on a date, I say I can't this week and they usually don't ask ever again.
I usually tell I have a boyfriend/girlfriend.
If that doesn't work, I say I'm not interested. People at first look think I'm serious/distant, so it helps.