We combine simulations and experiments to elucidate the molecular forces leading to the assembly of two dimensional membrane-like structures composed of a one rod-length thick monolayer of aligned rods from an immiscible suspension of hard rods and depleting polymers. Computer simulations predict that monolayer membranes are thermodynamically stable above a critical rod aspect ratio and below a critical depletion interaction length scale. Outside of these conditions alternative structures such as stacked smectic columns or nematic droplets are thermodynamically stable. These predictions are confirmed by subsequent experiments using a model system of virus rod-like molecules and non-adsorbing polymer. Our work demonstrates that collective molecular protrusion fluctuations alone are sufficient to stabilize membranes composed of homogenous rods with simple excluded volume interactions.