(Sidenote: CIDR stands for classless interdomain routing, which replaced the now obsolete classful networking architecture which prevailed from 1981 to 1993, when CIDR was introduced. If you are interested in the classful system have a look at RFC 791 which covers IP and describe the class system).
Example:
192.162.1.0/24
The forward slash 24 means the first 24 bits are fixed. The rest (i.e. last 8 bits) are flexible.
From the AWS documentation:
"When working with networks in the AWS Cloud, you choose your network size by using CIDR notation. In AWS, the smallest IP range you can have is /28, which provides 16 IP addresses (2^4). The largest IP range you can have is a /16, which provides 65,536 IP addresses (2^16)."