Embodiments include apparatuses, methods, and systems for open-loop voltage regulation and drift compensation for a digitally controlled oscillator (DCO). In embodiments, a communication circuit may include a DCO, an open-loop voltage regulator, and a calibration circuit. The open-loop voltage regulator may receive a calibration voltage and may generate a regulated voltage. The regulated voltage may be passed to the DCO. During a calibration mode, the calibration circuit may compare the regulated voltage to a reference voltage and adjust the calibration voltage based on the comparison to provide the regulated voltage with a target value. During a monitoring mode, the calibration circuit may receive a tuning code that is used to tune the DCO and further adjust the calibration voltage based on a value of the tuning code.