We study the in-plane and out-of-plane density ordering instabilities of quasi-two-dimensional fermionic polar molecules in single-layer and multilayer configurations. We locate the soft modes by evaluating linear response functions within the conserving time-dependent Hartree-Fock (TDHF) approximation. The short-range exchange effects are taken into account by solving the Bethe-Salpeter integral equation numerically. An instability phase diagram is calculated for both single-layer and multilayer systems and the unstable wave vector is indicated. In all cases, the in-plane density wave instability is found to precede the out-of-plane instability. The unstable wave vector is found to be approximately twice the Fermi wave vector of one of the subbands at a time and can change discontinuously as a function of density and dipolar interaction strength. In multilayer configurations, we find a large enhancement of density-wave instability driven by dilute quasiparticles in the first excited subband. Finally, we provide a simple qualitative description of the phase diagrams using an RPA-like approach. Compared to previous works done within the RPA approximation, we find that inclusion of exchange interactions stabilize the normal liquid phase further and increase the critical dipolar interaction strength corresponding to the onset of density-wave instability by over a factor of two.