This study presents a hybrid balanced voltage controlled oscillator (VCO) circuit which is suitable for low phase noise operation at sub-1V supply voltages. Half circuits of the proposed VCO use the varactor-integrated feedback capacitors in their respective circuit. The varactor-integrated feedback capacitors further increase the negative resistance of the equivalent tank thereby ensuring stable start-up of oscillation even at the sub-1V supply voltage. In addition, this work theoretically analyses the phenomenon of the increase of the negative resistance. Simulation results using a $0.18{mu}m$ RF CMOS technology exhibit the phase noises of -122.4 to -125.5.8 dBc/Hz at 1 MHz offset from oscillation frequency of 4.87 GHz over the supply voltages of 0.6 through 0.9 V.